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by TheGeminon 2986 days ago
If we assume that the average pension of those with a pension over $100,000/year is $200,000 a year, and cut those down to a cap of $100,000/year it would be $200,000,000/year in pension reduction. With a $2.5 billion/year spend on PERS [0], that is not an insignificant amount on the entire burden of the pension system, even if it is off by an order of magnitude.

[0] http://www.pers.ms.gov/Content/Supplemental/persfacts_figure...
1 comments
dpark 2986 days ago
If you assume the average for those over $100k is $17 billion, capping it at $100k would save the entire budget many times over!

$200k is a completely arbitrary assumption. And if your cost savings are off by an order of magnitude, it is basically insignificant, at <1% of the budget.

If you can wave a wand and reduce benefits, targeting only the top 2000 is probably not the most effective use of your magic.

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