Flashback- City taxpayers foot 90% of municipal pensions

Taxpayers kick in an average $8.60 for every dollar that city employees contribute to their pensions, a sweet deal costing the Big Apple a bundle. The cost is expected to hit $7.6 billion this fiscal year and $8.7 billion next year. BIG DIPPERS: CITY UNION CHIEFS PULL TWO SALARIES "It's a double-whammy for taxpayers," said E.J. McMahon, a senior fellow at the Manhattan Institute. "If they're privately employed, they shoulder the risks of saving for their own retirement. At the same time, they have to pay a steadily mounting cost of guaranteed pensions for government workers." Teachers get the biggest...