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. ;^)