Friday, February 20, 2009

CARPE DIEM: Start at 18, Retire at 48, Spend More Yrs. Getting Pension, Free Health Care Than Yrs. Working

Start at 18, Retire at 48, Spend More Yrs. Getting Pension, Free Health Care Than Yrs. Working
"In the early 1970s, Detroit agreed to let auto workers retire with full pension and benefits after 30 years on the job, regardless of their age. In practice, that meant a worker could start at age 18, retire at 48, and spend more years collecting a pension and free health care than he or she actually spent working. It wasn't long before even union officials realized they had created a monster."

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