Politics

[Fbolt]

Or, as was floated quite recently, expand and pack the Supreme Court. Preserve Democracy!

 

[GATTACA!]

Or, as was floated quite recently, expand and pack the Supreme Court. Preserve Democracy!

Thank McConnell for burning all supreme court decorum when he refused to seat Garland.

This is like a bully crying like a little bitch when they're fed some of their own medicine.

 

[drayer54]

Yeah, I mean when Republicans are doing things like enforcing congressionally passed immigration law, how can you blame the Democrats when they want to dissolve the judicial branch

But muh norm is nobody is illegal on stolen land.

 

[drayer54]

Thank McConnell for burning all supreme court decorum when he refused to seat Garland.

This is like a bully crying like a little bitch when they're fed some of their own medicine.

I think the biggest adverse impact to the institution was appointing a complete part is a. dimwit who can't stop talking and shamelessly ignores or can't read the law.

 

[TorontoGold]

I think the biggest adverse impact to the institution was appointing a complete part is a. dimwit who can't stop talking and shamelessly ignores or can't read the law.

Alito catching strays from Drayer is wild.

 

[NDVirginia19]

Damn it’s a shame that South Carolina republikkkan racists are preventing black people from serving in the United States Congress.

 

[Irish#1]

Damn it’s a shame that South Carolina republikkkan racists are preventing black people from serving in the United States Congress.

You mean like this guy?

 

[drayer54]

You mean like this guy?

Recall,you ain't black if you are not voting democrat. Thus- Tim Scott is White or Hispanic or other. Just like those poor folks in Memphis who can be represented by a racist black republican woman now. Very bad.

 

[NDVirginia19]

Mamdani and his terrorist supporting bitch wife enable this

 

[drayer54]

Mamdani and his terrorist supporting bitch wife enable this

This is the future liberals want.

 

[NDVirginia19]

This is the future liberals want.

The shit libs will sneer and laugh at us for being so ridiculous, but still support the same suicidal immigration policies that have encouraged the formation of a new KKK patrolling the streets of New York City. The purpose of a system is what it does.

 

[NDVirginia19]

2.3B in delayed pension payments in year one. Lmfao.

 

[drayer54]

2.3B in delayed pension payments in year one. Lmfao.

They are bragging about this…

 

[Irish#1]

I'm not a CPA, but robbing Peter to pay Paul doesn't seem like a good idea.

 

[TorontoGold]

Does anyone here actually know how a UAL payment is calculated or what it means? I deal with this pretty regularly and am curious what the average person thinks it is.

 

[NDVirginia19]

Does anyone here actually know how a UAL payment is calculated or what it means? I deal with this pretty regularly and am curious what the average person thinks it is.

They essentially punted the fiscal issues to the future no? And will pay more total for the pension accounts? Similar to refinancing a home loan to a longer term? It's my understanding that this is essentially what Illinois did it has absolutely fucked them

 

[TorontoGold]

They essentially punted the fiscal issues to the future no? And will pay more total for the pension accounts? Similar to refinancing a home loan to a longer term? It's my understanding that this is essentially what Illinois did it has absolutely fucked them

Not exactly.

The unfunded actuarial liability payment is an amount determined by a huge actuarial analysis that takes into account a whole bunch of inputs. It’s done every 2/3 years so that companies/gov entities can forecast out to make sure they aren’t completely cooked if they have an aging workforce ready to take pension funds out.

Obviously it’s not great to not be fully funded, especially when it’s the government who you’d expect to not be in this spot. But NYC has actually got the funded status up 10% from 2014 to above 80%.

I looked at their actuarial report and they generally don’t crazy amortization periods for reassessments which is what some places do. They started with a 22 year period in 2010 which is hilariously bad, for reference in Canada a 15 year period is considered absolute max.

The big thing that I would be curious about is how much does it impact the next assessment (NYC is due for one this year) that we’re 25 years post 9/11 and have the actuaries been able to properly assess the increased costs.

If the unfunded liability was not improving from 2014-2025 I would be ringing alarm bells but this shouldn’t sink NYC.

TLDR - This is just an accounting and actuarial estimate that is used in planning and not indicative of actual funding abilities.