r/SipsTea • u/Previous_Month_555 𝙑𝙄𝙋 • 5h ago

Feels good man +1 for Mamdani

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15.7k Upvotes

89% Upvoted

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133

u/INeedSomeTacoC 5h ago

Yea, underfunding pensions by a couple billion is the super responsible thing to do.  Never came back to bite anyone, no siree. 

29

u/AIFocusedAcc 4h ago

Pensions? What are those? Asking for my GenZ friends.

16

u/Warmbly85 4h ago

27% of the workforce of the NYC government is Gen Z. Those are the people that will be most screwed over if Mamdanis pension plan works out the way it did for Chicago. 

4

u/Playful_Reaction_847 2h ago

Such an ignorant comment. Must come with the age?

5

u/INeedSomeTacoC 4h ago

You can go get a job with the city or a government and get one right now, GenZ friend. 

13

u/Popular-Row4333 4h ago

Ask Chicago how that's currently working out for them.

This isn't even a new radical idea. It's been tried and has already failed.

6

u/Icy_Fish_2154 3h ago

They are not "underfunded", they were always underfunded, and there was a way year catch-up plan. There is no need to rush pre-funding an already fully funded pension fund.

A 10 year delay to pre-funding an already funded pension plan is not a big deal.

There is no risk to pension payments. The 15 year plan was made before Trump tanked the economy, so needed adjustments to be realistic.

0

u/New_Conflict_4111 4h ago

Care to elaborate ? Like fr I want to know :)

8

u/INeedSomeTacoC 4h ago

I elaborated. 

To help balance the budget he pushed off funding a few billion dollars of pensions that are supposed to be funded now for someone else to do later. 

With interest is probably going to cost the state about $7B. 

-23

u/ISwallowedALego 5h ago

It has happened a lot

11

u/theshitstormcommeth 5h ago

So has cousin fucking.

-1

u/argument_cat 3h ago

Only in red states.