The real threat to pensions.

[BlueStreak]

Originally Posted by Tom Joad

You can cherry pick a few examples that are, but for the most part they are quite modest. My own, from the State of Florida is $2100 a month after 31 years of service. The average in 2011 was about $18,000 a year. What's extravagant about that?

http://www.flaflcio.org/sites/defaul...y%20Primer.pdf

However private pensions have been hammered so much in the past 30 years that the public ones are starting to appear overly generous by comparison.

What private pensions?

Dave