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Pious Perverts
See other Pious Perverts Articles

Title: Is the NYCPD Pension a Socialist Redistribution Scheme?
Source: Comprehensive Annual Financial Report of the NYCPPF
URL Source: http://www.nyc.gov/html/nycppf/pdf/cafr2007.pdf
Published: May 20, 2008
Author: Liberal New York City Dwellers
Post Date: 2008-05-20 19:54:53 by Arator
Keywords: RNYCPD, Socialist, Parasites?
Views: 677
Comments: 38

On page 172 and 173 of the source document linked above are tables showing the revenue sources and expenses of the New York City Police Pension Fund.

In 2007, member contributions to the fund totaled $132 million. That sounds respectable, until you look at the contributions made by the City (ie NYC taxpayers):

$1,544,341,000!

That's $1.544 BILLION, folks. Overall, NYC taxpayers chipped in 55.8% of annual covered payroll into the NYC Police Pension Fund in 2007. Members? Only 4.78%.

Holy Obama-style socialism, Batman! That's a MASSIVE redistribution of wealth from the taxpayers of NYC to the boys in blue.

Poster Comment:

Damn, if I were a retired NYC police officer, I'd be more careful summarily condemning socialism, socialists or libertarians who plan on voting for a socialist in the fall in order to expedite the demolition of the GOP's fascist freakshow. ;^)

Post Comment   Private Reply   Ignore Thread  

Begin Trace Mode for Comment # 33.

#18. To: Arator (#0)

Holy Obama-style socialism, Batman! That's a MASSIVE redistribution of wealth from the taxpayers of NYC to the boys in blue.

I am not sure where you are going with this.

There was a time in America when working men and women received a retirement benefit as part of their compensation in exchange for their years of labor.

You think people working and being compensated for their labor is a bad thing?

What is the alternative? Slavery?

honway  posted on  2008-05-20   20:38:37 ET  Reply   Untrace   Trace   Private Reply  

You think people working and being compensated for their labor is a bad thing?

JT left an impression on another thread that his pension was entirely funded by member contributions and then privately invested. He claimed that he was in no way a beneficiary of NYC socialism.

I have no problem with JT getting a generous pension. But, let's be honest about what it is and who's paying for it.

And, frankly, any government pension is potentially socialist and redistributive, since the ones who are ultimately paying for it aren't doing so voluntarily, unlike pensions provided as compensation by the private sector. There is no employer in the private sector anywhere that is contributing 56% of covered payroll into an employee pension fund. That is, on its face, a MASSIVE redistribution of wealth from NYC taxpayers to the police.

Arator  posted on  2008-05-20   20:48:11 ET  Reply   Untrace   Trace   Private Reply  

Maybe if you could share the general nature of your point of reference it would help me understand your anger at people being compensated for their labor, whether it's factory workers,waitresses,doctors, teachers,soldiers, or policemen.

Are you independently wealthy living off of interest income?

Does someone else support you?

Or do you exchange your talents and labor for compensation?

honway  posted on  2008-05-20   20:58:40 ET  Reply   Untrace   Trace   Private Reply  

Maybe if you could share the general nature of your point of reference it would help me understand your anger at people being compensated for their labor, whether it's factory workers,waitresses,doctors, teachers,soldiers, or policemen.

You misunderstand me. I'm not angry. I'm not the one who's insisting on no collaboration or compromise with socialists or socialism for any reason.

I much prefer redistributionism that rewards average working people to that which rewards corporate pirates and thieves.

It was JT who was insisting that I am an apostate heretic for tactically favoring the former in order to defeat (and defund) the latter.

Arator  posted on  2008-05-20   21:23:52 ET  Reply   Untrace   Trace   Private Reply  

I recall that the original issue was JT demanding that someone declares himself for or against 'redistribution'.

It was going like this: Obama is for redistribution. You are an Obama supporter. Therefore, (unlike me, JT), you are a supporter of redistribution.

It turns out that JT is a BIG beneficiary of redistribution.

a vast rightwing conspirator  posted on  2008-05-20   21:27:59 ET  Reply   Untrace   Trace   Private Reply  

It was going like this: Obama is for redistribution. You are an Obama supporter. Therefore, (unlike me, JT), you are a supporter of redistribution.

Show me.

Jethro Tull  posted on  2008-05-20   21:30:23 ET  Reply   Untrace   Trace   Private Reply  

Show you what? That you are a beneficiary of redistribution? I've been showing you how many times already?

a vast rightwing conspirator  posted on  2008-05-20   21:32:19 ET  Reply   Untrace   Trace   Private Reply  

Ah....again......the city matched my contribution. The total amount went into the PBA (a union association) for private investment. This is socialism how?

Jethro Tull  posted on  2008-05-20   21:35:45 ET  Reply   Untrace   Trace   Private Reply  

#34. To: Jethro Tull (#33)

Are you trying to wear me off? If you are, there's good news for you. My laptop's battery is about to run out.

If the city matched your contribution, then you are a beneficiary of redistributions. There's no ifs or butts about it.

a vast rightwing conspirator  posted on  2008-05-20 21:37:36 ET  Reply   Untrace   Trace   Private Reply  

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