Earlier quoted context omitted.
I'd be very skeptical of the "required" money quoted by anyone who is affiliated with the MTA or state government in general. There's a lot of evidence that indicates the MTA is used as a personal piggy bank. Take, for example, this gem: "MTA wrote $4.9M check to three upstate ski centers in bizarre move requested by Cuomo officials" [1]. Or this one[2] (also part of this NYT series): "Subway workers now make an aver…
I remain confused about the pay figure the NYTimes gave for subway workers; I have a close relative who works in the subway and I know a number of subway workers, and none of them make anything close to that kind of salary, even counting overtime. So unless that counts something other than the hourly employees, or counts pension contributions as salary (in which case it is just an argument against pensions), I have a…
MTA has other unusual issues... they have a very powerful union that has negotiated wacky deals over the years. In some areas, pretty much everyone retires with dramatically more expensive disability retirements. (See: https://nypost.com/2014/08/06/nearly-all-lirr-workers-have-d... )They also have the ability to "spike" pensions with overtime that most NY government workers outside of police and fire cannot do.