Padded Pensions in New York
Do you need another reason not to live in the state of New York? Read on and you will discover one.
In some cases, town government forces private construction companies to hire off-duty cops as flagmen. That’s right, those bored guys who wave orange flags around on road crews. Even though they are paid with private money, that off-duty income is reported as overtime for purposes of padding their pensions. What a racket.
Why do people complain about Social Security while this pension abuse continues unabated? Find me one worker who receives more in annual Social Security retirement benefits than he earned on the job.
If you live in New York, you should vote the bums out or leave. When the tax money dries up, the pension plans can go bankrupt. That would be sweet revenge administered to the pension padders, because the pension guarantee fund will pay much less.