Wednesday, January 04, 2012

Why Public Pensions Are So Rich

Andrew Biggs and Jason Richwine: Why Public Pensions Are So Rich - WSJ.com
"....the average teacher who retires today after 30 to 34 years of service had final earnings of $84,466 and collects a pension of $60,756 a year, plus annual cost-of-living adjustments, providing an income higher than 95% of retirees in Illinois"

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