Saturday, November 30, 2013

Crooked (yes a redundancy) democrat politicians and greedy (redundancy alert!) unions guaranteeing financial ruin.

Guaranteeing financial ruin in Illinois - chicagotribune.com:
"This isn't a reform, but rather a fiscal death sentence: 
.....Compare the generous benefits provided by our state to government employees, as compared to the benefits enjoyed by those who work in the private sector.
In Illinois, a member of the Teachers Retirement System who retired in 2012 after 30 years of service could expect to receive a starting pension of $72,693, with an automatic 3 percent annual compounded increase and free health care. 
In fact, nearly 10,000 Illinois government pensioners receive more than $100,000 a year.
For those employed in the private sector who elect to retire at age 62, the maximum benefit under Social Security one can receive is $23,076 — and that person gets lower cost-of-living increases and less health coverage than our state public pensioners.

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