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From the link SeventhFloor posted, the city's yearly pension payout is $9.8 billion. If they did away with pensions, the city can build multiple subway lines even with the inflated costs.
We can really have all kinds of nice things. First class airports, roads, bridges, tunnels, etc.
From the link SeventhFloor posted, the city's yearly pension payout is $9.8 billion. If they did away with pensions, the city can build multiple subway lines even with the inflated costs.
We can really have all kinds of nice things. First class airports, roads, bridges, tunnels, etc.
The city is never going to get rid of pensions. That idea is DOA. People do get OLD you know, and they still need income.
Yeah and? Let them save for their retirement like millions of other New Yorkers.
Unless someone makes lots of money, the average person doesn't save. Various government programs such as rent regulation, social security, among others are what keep the city from having a true crisis in homelessnesses, at least one that isn't much worse than the one we already have. And the one we already have is getting pretty bad with 12% of the homeless population now living in hotels.
Workers need good jobs with good benefits. Private companies commonly offered pensions, until companies got rid of them for poor people (CEOs and other top people have their pensions, along with stock options and other fantastic benefits)
Those millions of New Yorkers should be fighting for their rights as workers instead of giving up their rights and their financial features.
I rode the SAS home this evening. The mezzanines are a bit much for these stations. They're good for major transportation hubs with extremely high ridership..you know, the stations where the platforms are so crowded that it takes you forever to get out.
This topic ain't dead my friend. Although NYC pensions are exorbitant they are beside the point and are a non-starter. NYC Pensions have been downgraded and will continue to be reformed because they're a ticking time bomb in their current structures.
When do you think they'll finish the line? 125th to Hanover square? What a joke at the current pace, right?
This topic ain't dead my friend. Although NYC pensions are exorbitant they are beside the point and are a non-starter. NYC Pensions have been downgraded and will continue to be reformed because they're a ticking time bomb in their current structures.
When do you think they'll finish the line? 125th to Hanover square? What a joke at the current pace, right?
Frankly I don't even care. IMO the system is broken beyond repair. No pun intended. Or maybe I did intend the pun. Who cares.
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This topic ain't dead my friend. Although NYC pensions are exorbitant they are beside the point and are a non-starter. NYC Pensions have been downgraded and will continue to be reformed because they're a ticking time bomb in their current structures.
When do you think they'll finish the line? 125th to Hanover square? What a joke at the current pace, right?
If they continue with the current pace and the current budget, they will finish the full line 175 years from now. LOL. At this point the governor, the MTA top executives, and the transportation planners even publically admit this is not VIABLE and that they have to CHANGE things.
I rode the SAS home this evening. The mezzanines are a bit much for these stations. They're good for major transportation hubs with extremely high ridership..you know, the stations where the platforms are so crowded that it takes you forever to get out.
Yes, and those mezzanines cost in terms of time and money. With that said hopefully the MTA learns from this and decides on cheaper designs. If we have any positive takeaway, now that the MTA has a portion of the Second Avenue Subway up and running this helps in getting political and public support to finish the rest of it. They need to lower the budget and dramatically speed up the time frame to build out the entire line.
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Although NYC pensions are exorbitant they are beside the point and are a non-starter. NYC Pensions have been downgraded and will continue to be reformed because they're a ticking time bomb in their current structures. 
