The New York Post reports:
The city's pension system is collapsing under the weight of payments it makes to more than 10,000 retired cops - all under the age of 50.
They represent a staggering 25 percent of the city's police-pension liability - which is expected to help push the total bill for retirees to $7.8 billion in four years, almost six times the amount paid in 1997.
How bad?:
The pension time bomb is starkly illustrated by the fact that 10,381 retired cops between 40 and 49 are now collecting.
It's nice to know that Obama's stimulus package helps subsidize government workers retiring in their 40's.
