ZOHRAN MAMDANI PENSIONS

WHERE'S THE OUTRAGE FROM THE UNIONS? BIG DEMOCRAT UNION DONATIONS! National Education Assn $92,972,656 American Federation of Teachers $69,757,113 International Assn of Fire Fighters $27,674,889 American Fedn of St/Cnty/Munic Employees $93,830,657 http://www.opensecrets.org/orgs/list.php IF YOUR CITY OR STATE GOES BANKRUPT THERE GOES YOUR PENSION! Municipal bankruptcies can affect the pension funds and pension obligations of the city in question. Although cities are legally obligated to pay retirees their pensions, in the event of bankruptcy, there is precedent for cutting pension payments in favor of paying out to bondholders, and cities can stop pension payments while the bankruptcy case is in progress. The previous example of Central Falls in Rhode Island illustrates this phenomenon, and Detroit may be next.In 2020, state pension debt was $926.3 billion, and other post-employment benefits (OPEB) —mainly retiree health care — totaled $638.7 billion, the report found.