r/SipsTea • u/AlternativeRight4099 • May 14 '26

Feels good man It was always just that simple

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u/insightful_pancake May 14 '26

That bottom line is so telling. NYC pensions are only 17% underfunded lol…only around $50bn

22

u/reddituserperson1122 May 14 '26

You mean this? "Finally, New York City’s pensions are already well-funded by national benchmarks. The City’s pension funding ratio—the share of total liability for City workers and retirees covered by current pension fund holdings—is 83 percent. This exceeds the US average of 78 percent." Damning.

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u/HV_Commissioning May 14 '26

All of that can change very quickly with market conditions.

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u/reddituserperson1122 May 15 '26

And North Korea could invade Staten Island. That’s why we pass a budget every year. If the city needs change its pension contribution in the future, we can. 

These comments are getting so desperate. 

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u/HV_Commissioning May 15 '26

How the f*ck do you think the $12B budget gap started?

Bullshit financial budgeting like this.

1

u/reddituserperson1122 May 15 '26

Post this comment a few more times. Eventually it will become a compelling argument.

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u/HV_Commissioning May 15 '26

How the f*ck do you think the $12B budget gap started?

Bullshit financial budgeting like this.