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The NYPD pension fund for instance is $50 billion. You think that a $100k settlement paid from a pot of $50 billion is going to bother a cop who can't access it
by missedthecue 6y ago
The NYPD pension fund for instance is $50 billion. You think that a $100k settlement paid from a pot of $50 billion is going to bother a cop who can't access it for decades anyway?
- frongpik 6y agoIt will bother the PU chief, though.
- MikeTheGreat 6y agoFirst, it would be interesting to know how much money the average police officer's union has for settlements, and how much settlements tend to be. I'm guessing not every union has a $50B pension fund, so the impact may be larger elsewhere. Second, it would be interesting to know if money from the pension fund can be used to pay settlements. Until you said something here I had assumed that paying for settlements would come from the union's annual budget, and not from a pension fund which had been funded earlier (but I could be wrong). Regardless - I think the idea of aligning the incentives of the officers themselves (through their union) and the citizens who are being policed is a good idea.
- njharman 6y agoMost police and police dept are not the NYPD. Anecdotally it seems many settlements are much, much more than 100k. So no, I don't think your strawman argument is applicable.