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oceanblue966 t1_j9porgq wrote

Reply to comment by cantcountnoaccount in FDNY wants to up the cost of ambulance rides by more than 50% by NYY657545

Pension is tier 6 that isnt worth shit

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cantcountnoaccount t1_j9pqoq5 wrote

Yeah, contribute 3% of your wages, get 50% for life starting at 55 or 80% if you wait till 60. What a travesty.

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oceanblue966 t1_j9prw63 wrote

You're doing the exact same job, for a lower salary (adjusted for inflation), and a lower retirement package. You are sustaining tiers 1, 2, 3, and 4 while they no longer pay into the plan, and they are getting the long end of the stick. You get far better returns in a 401k, and no public job offers 403b matching.

"Guaranteed annual raises" = "1% raise, 3% if you get the best rating in the organization".

Its not a fair system, but it had to be done, because NYS and other states are realizing the pension system is NOT sustainable, but they are obligated to do whatever it takes (including fucking over current public employees) to fund those who have retired and moved to Florida, not even paying NYS taxes anymore, who are earning 100k+ a year on a pension.

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Jerund t1_j9pv29j wrote

If you are part of nycer, even if you retire in NYS, you don’t have to pay state tax. Doesn’t matter if they go to Florida or not.

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oceanblue966 t1_j9pxmgc wrote

I was referring to property taxes (which generally fund public salaries), but I didn't know that. Thank you.

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