Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: janetjanet998
New York Governor Kathy Hochul, like many of these other Democrat governors, have a directive to get state employees off the payroll due to the unfunded pension liabilities. The Jim Jones Jab is just an excuse.

These blue states are too deep into multiple decades of a financial hole and are resorting to criminal actions in an attempt to stave off the inevitable bankruptcy.

56 posted on 09/27/2021 1:03:17 PM PDT by T.B. Yoits
[ Post Reply | Private Reply | To 1 | View Replies ]


To: T.B. Yoits

“New York Governor Kathy Hochul, like many of these other Democrat governors, have a directive to get state employees off the payroll due to the unfunded pension liabilities.”

You don’t have a clue, do you? The New York State and Local Retirement System is fully funded, it does NOT rely on tax money to pay pensions. The fund has so many billions of dollars that are actually invested that it is solvent. NY State constitution does not allow the Govt. to touch it. Oh, the politicians look at it and salivate, but so far they haven’t figured out a way to get their hands on it.


86 posted on 09/27/2021 1:29:11 PM PDT by Nik Naym (It's not my fault... I have compulsive smart-ass disorder. )
[ Post Reply | Private Reply | To 56 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson