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-- are going to good use think again we're seeing double even triple dipping collecting a public pensions from people who claim to be disabled.
Senior fellow at the Manhattan institute Josh -- and New York.
For a candidate Carl Paladino join us and we welcome back the panel OK guys so.
This jump doubted us this morning we saw the story of the guy from.
Port Authority police department earning a 199 -- 199000.
-- He apparently is also receiving 50000.
Payment per year and he's eligible for a New Jersey pension of 25 grand.
If you do this a grand total.
Dollars -- -- -- throw the ball do you first.
What's going on can you really tripled -- -- on the taxpayer dime you can.
And what he's doing is perfectly legal I mean I think you know people talk about this is a corruption issue but really what this -- doing is not in violation of the law the problem is the law makes no sense.
Particularly in New York we have a problem with oh with excessive designations of -- and disability pensions we have a mall where you have what's called presumed disability.
If you worked for for at the end wire NYPD and you have a heart condition or lung condition.
You're eligible for disability pension even if there's no evidence that your condition is work related.
At all and solve this thing up again I think it's 58 K is it if it's NYPD I'm pretty sure it's non taxable if I'm not mistaken let's put Karl -- gonna talk.
You just it's a good point.
He's not they're not doing anything illegal the law's wrong.
Or are they can you ask for disabilities be on disability become a highly paid cops -- And then and then it -- correctly identified the problem it's what the -- -- today.
And it's something that has to be adjusted.
For the future because the taxpayers can't keep doing the height adjustable you feel you were governor if you were elected governor what would you change.
We'll have to take it apart piece by piece and look at the double dipping down we're -- it was.
Specific what would you change don't get me out taken apart -- games want that's that's political talk you're not I'm not in politics long enough.
To -- to tell me to do it that we -- businessman right solve the problem.
Solve the problem simply by -- Prohibiting double -- of any nature whatsoever of any action whatsoever volatile and it's not been given a -- -- -- -- in this case I'll bring the panel at Tom Ruskin who knows this -- specifically.
Tell -- about him.
-- Spiezio was one of the best detectives the NYPD ever saw -- was front line of duty.
He got three quarters of -- salary tax free.
As a disabled police officer he went -- to be administrator in New Jersey of the corrections department.
He's going on to the number two spot Port Authority police I don't see this double dipping triple dipping or any -- He's a man who's moved ahead with his career he's no longer in law enforcement enforcing the law and he got -- In the morning and their guys take and there are about go ahead and here is exactly what politician should be doing to fix the system closed the defined benefit system to new entrants and so -- the system yeah and states.
-- center on the hook for pension costs.
For years because it's so easy now for politicians to promise something when there in office now.
They have to pizza later got -- high -- and on to a 401 case I should run the -- that work and I got it now.
I've worked the trouble is that we still have to deal with the in the huge unfunded liabilities that exist in the system for.
For participants were already in it but yes in the long term solution moving from defined benefit the 401K.
As has been standard in the private sector for decades would be very positive -- Do we eat -- -- we eventually went on we want to yeah shouldn't be pension reform I don't know what you could find would you leave your money should on the table with a guy as a right to the money from the as -- Paul Hemmer here's how.
-- -- -- -- -- I -- the cops I don't I'd love the tops of fire yeah.
You can do nothing.
Whitman but what a guy he's fired or when -- -- -- fire department on this bill so no doubt that they -- in Australia I'll get -- I mean helping folks in the private -- I can see where -- -- -- that.
New York City pensions this year how much.
Seven point six billion dollars New York City next year -- pensions.
Eight point seven billion dollars with a private so we were flushed with the ball in his -- we were going fast yeah.
-- -- -- For thirty years it's -- and then private sector paid no mind to this because we -- -- -- if the bulls are run and everybody is making money and now we're taking a second look at everything.
And these are the words that.
-- -- should take a second look but -- that might as well only because there's a certain point on in new York city police officers and firefighters.
The -- water rose to record levels so the police department up to 40000.
You have those people eligible for pensions if -- -- twenty years it's not all disabilities it's based on the pension system.
Ericsson's investment is -- Omaha and all I just a pension system is gonna -- -- it's bankrupting the states isn't any language.
Six years ago whether you -- about that would make it wasn't.
It was six years ago it very well good luck getting -- is it just it.
It is everybody just figures this whole -- topic -- ignorance it was ignorance and Belichick and -- -- that was going on that's your problem.
Now you've got to know that goes yeah and what's up I don't -- -- like double and triple dipping your visual there's supposedly.
Asleep to a dozen -- don't call me.
But I felt that it will leave if you leave GM and you give it -- vote.
Look I think if you want to go with Apple's elegant you know I believe if you -- the -- is that -- got to do this got to say thank you guys Carl Paladino thank you guys very much coming up next.
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