New York City has the largest pension rollover program in the US, with about $13.5 billion set aside.
The fund will pay out $6.5 trillion over the next decade, up from about $4 trillion now.
But you’ll still have to pay into the pension to get it.
The public pension is the single largest source of public-sector pension benefits in the country.
New York’s pension system pays out $9.6 trillion in retirement benefits.
“This is the most generous, most generous pension that we have in the world, and we have a very generous pension plan,” New York Mayor Bill de Blasio said in January.
As the biggest city in the nation, New York is home to about 7 million people and is the largest employer of people aged 25-64.
About 4.4 million New Yorkers have public-pension benefits.
The city’s largest employer is the state of New York, with a total of 4.2 million employees.