Saturday, November 13, 2010

Super-sized pensions, and a doomsday scenario

Super-sized pensions, and a doomsday scenario - The Red Tape Chronicles - msnbc.com
"In New York, a 44-year-old firefighter retires with a $101,000 a year pension, for life.
Near Chicago, a parks commissioner quits and begins collecting a $166,000 pension – a sum sweetened by $50,000 thanks to a one-time retirement year windfall of $270,000.
And in California, a former city manager pulls down $500,000 in retirement checks every year."

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