Quote:
Originally Posted by barbara
Who works at a place for thirty five years anymore?
I'll bet any corporate boss gets more in retirement than any county boss at the same level.
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I'm on my 33rd year with the same company. Pension was frozen decades ago, isn't worth much. Happily, I've fully funded my 401K, and have many investments worth even more, but that was all done through sacrificing and diligent saving.
See the LA Times link above. Some of the CA pensions, given as early as age 50, are pretty outrageous. Several of the CA public employee unions have far too much influence over lawmakers. Taxpayers, including many making far less than these state retirees, are stuck paying the difference between the overly optimistic projections and reality. Hardly fair, but they're locked in.