Tuesday, February 10, 2009

MORE ON THOSE UNDERFUNDED/OVERGENEROUS PUBLIC PENSIONS

MORE ON THOSE UNDERFUNDED/OVERGENEROUS PUBLIC PENSIONS
"The common presumption is that public servants forgo high wages in exchange for safe jobs and benefits. The reality is they get all three.

State and local government workers get paid an average of $25.30 an hour, which is 33% higher than the private sector’s $19, according to Bureau of Labor Statistics data.

Throw in pensions and other benefits and the gap widens to 42%."

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