Monday, May 24, 2010

When a public pension is a trust fund

Mark Hemingway: When a public pension is a trust fund Washington Examiner
"And what about the other 3,704 retired New York public sector employees collecting six-figure pensions?

According to the Congressional Research Service, the mean income for private sector retirees is $31,757.

The CRS figure doesn't count the value of health care, which most retired public employees get for free or at minimal expense to them.

The CRS figure does include the average Social Security payout, which almost all public sector employees get on top of their generous pensions."

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