When I used to work around the Staten Island Ferries I was baffled how & why mariners worked there with pay so low. In hindsight I guess it wasn’t that bad? $1.5 million in backpay is pretty dang good.
That’s been a long time coming for those guys. Hope the city had that money in escrow all this time
I’m surprised the engineers stuck around. They could have got off the ferry, went into Manhattan & made 30-50% more being stationary engineers & still went home every day. Ballsy of them to play the long game, it could have went either way. If they’re smart they’ll dump that money into IRA’s. Even though they wouldn’t get much tax benefit from it, it’s harder to get sued for money thats in a government sanction retirement account. NYC might try to get it back?
I wonder how that shows up on their W2 or whatever they get. Because if you make a million bucks there’s nowhere you can put it.
If you overfund your IRA you have to pay a 6% penalty every year on those funds until they are removed. So if you think you might get sued for windfall money, put it in an IRA & try to get the highest yeild possible. Preferably 6% or higher. Its hard to sue someone for their retirement savings. Thats one of the ways OJ Simpson stayed a millionaire while still being in debt to the Goldmans for $30M. I’m glad those ferry guys got their backpay too.
Pretty fucked up article taken completely out of context. It’s pretty easy to get over a million dollars when you are getting backpay for over 10 years!
“The biggest instant millionaire was , a 30-year chief marine engineer who lives in a $1.8 million Bay Ridge home. His base salary is $169,520 — but he pulled down $1,689,518 this past fiscal year.”
Just like “greedy” boeing workers that negotiated a ~40% pay increase…average retard citizen says “I never got a 40% pay raise”. But If I say, “they get a ~10% pay raise each year for the next four years” it is processed differently.
A common media trick to spin or phrase things to make workers look bad, especially government workers, whether city, county, state or fed. Never mind these mariners were severely underpaid for years and only now are receiving a correction that brings them into line with proper pay for over a decade of work.
To phrase this like it was some sort of lottery is ridiculous. These mariners worked, did a job, that requires specific skills and accrediting, but somehow this article makes them seem like they got the money via scratch tickets. Then to show the dude’s house. What is up with that?
This is such gross anti-labor reporting written with intention to create resentment and outrage against government workers.
It’s the New York Post. You expected better?
NY Post owned by Rupert Murdoch. He’s mainstream media also known as MSM he owns Wall St Journal, News Corp, and hundreds of others in many different countries. Many people say you can’t listen to MSM. Fake news
Cant imagine the tax bill hes getting…whew
It was noted in MEBA’s Telex Times back in May that the negotiating team concluded a 13-year battle that transformed the Staten Island unit from the lowest to the highest paid public ferry system in the country.
Writing a quarter million dollar plus check to Uncle Sam has to suck but a problem I wouldn’t mind having if I got to keep $750K to $1.2M. Now the check to NY State is a different story. Giving away $100K for shitty sevices other states give out cheaper or for no state income tax at all would piss me off.
Again, ballsy of them to stick around so long. Those ferries paid a little better than Millers Launch. Good for them on for getting retroactive pay.