From the NY Post:
City taxpayers are supporting the pensions of 1,500 employees who don't even work for the city in 28 cultural institutions, as part of a little-known deal struck 47 years ago, officials said yesterday.
The Independent Budget Office yesterday put the cost of the subsidy at $8 million annually. (In its report Wednesday that exposed the practice, the IBO put the cost at $25 million by mistakenly including workers at 305 day-care centers.)
The nonpartisan agency said an argument could be made that "New York City should not be in the business of funding pensions for private-sector employees."
"If these organizations determine that pensions for their employees are required, they should raise the necessary funds through donations, grants and other revenues, just as they do for their other costs."