Quote:
Originally Posted by vision33r
Whether you support pensions or not. Its unsustainable in the long run. The next recession will force concessions. If there's any serious global economic recession and tax revenue takes a huge hit. Or if NYC loses a large chunk of its tax base.
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Concessions from whom? Current workers on crummy Tier 6? Former workers on Tiers 1 and 2, happily spending pension dollars in retirement states away from NYC? How about NYC reigns in it's reckless spending habit. Was there a need for the recent ticker tape parade for the World Cup soccer team?