4 major cities have $25,000 plus in unfunded pensions per-taxpayer (politicians, financial, Chicago)

[lovecrowds]

It's going to be interesting when all the retiree's retire and start collecting pensions. Looks like many major cities are going to need to either eliminate many services or really increase those taxes.



https://www.truthinaccounting.org/ne...2016#Executive summary

$62,000 per-taxpayer unfunded pensions in New York City
$45,000 per-taxpayer unfunded pensions in Chicago
$30,000 per-taxpayer unfunded pensions in Philadelphia
$21,700 per-taxpayer unfunded pensions in Dallas

$5,200 per-taxpayer pension surplus in Irvine, CA
$2,900 per-taxpayer pension surplus in Lincoln,NE

[cttransplant85]

To make matters worse they'll all be moving south into red states when they retire, taking and spending their pensions there. This is why the Dems need so many immigrants to replace them.

[Toyman at Jewel Lake]

The politicians of those cities handed over taxpayer money to the unions-in order to buy votes. Now those same pathetic politicians are enjoying their own retirement pensions-while the current taxpayers are stuck with paying for their bribes. It's time for those corrupt cesspools to collapse under their own weight.

[Troyfan]

Originally Posted by cttransplant85

To make matters worse they'll all be moving south into red states when they retire, taking and spending their pensions there. This is why the Dems need so many immigrants to replace them.

Not only that, the people on the hook for the pensions will move south, too.

[dothetwist]

Originally Posted by cttransplant85

To make matters worse they'll all be moving south into red states when they retire, taking and spending their pensions there. This is why the Dems need so many immigrants to replace them.

Huh....thought the official stance is that immigrants are all on welfare?? Now you say they are workers who pay taxes. Can't have it both ways and make any sense.

[T-310]

Originally Posted by Toyman at Jewel Lake

The politicians of those cities handed over taxpayer money to the unions-in order to buy votes. Now those same pathetic politicians are enjoying their own retirement pensions-while the current taxpayers are stuck with paying for their bribes. It's time for those corrupt cesspools to collapse under their own weight.

Completely agree.