100G/yr. pensions at FDNY: Retire-'mint' budget nearly equals dept. payroll

The New York Post reports:

This year, the city is spending nearly as much in FDNY pension contributions, $1.05 billion, as on firefighter salaries, $1.1 billion, says the city's Independent Budget Office.

The FDNY's pension king is Frank Cruthers, the former department second-in-command, who retired after 42 years on a disability pension worth an estimated $242,000 a year. His one-time knee injury hasn't tempered his enthusiasm for golf, a source told The Post.

People who don't have to open a 401K statement!