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Reply #59: It's hard to believe that 1/3 of the workers in that city were making [View All]

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pnwmom Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-04-11 06:33 AM
Response to Reply #55
59. It's hard to believe that 1/3 of the workers in that city were making
Edited on Sun Dec-04-11 06:36 AM by pnwmom
over $100 K before they retired. And most pensions are designed to pay less than the salaries.

The current median worker's salary in that county is $71,000. Does it really make sense to you that so many lower paying workers should be supporting so many high end pensions?

Or does this:

"And in what critics of public pensions call a perverse phenomenon, some former city employees who retired a few years ago are now paid more than they were on the job, while remaining workers have taken 10 percent salary cuts to help pay the pension tab."
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