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by Shivetya
1915 days ago
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Easy or not, the pay numbers are obscene regardless. Let alone how many employees are in the 100k club. The danger is how much this contributes to their retirement payout. California had to change the law to prevent ridiculous retirement payouts and that is where the ire belongs. There is no logic to public employees pulling down 100k retirements but this is where we are. People bemoan private employer payouts need to be watching their backs as they are fleeced by public employee salaries, boosted by overtime and other bonuses, and then their retirements. My favorite is Forbes's work on Illinois 100k club[1] Look, the average pension for many public servants is not all that grand, it is the big money people who are fleecing not only the tax payers but other public service retirees. There is every reason a retiree should have a good retirement payout but when you start getting into multiples of what the average income of someone in your state is someone needs to step back and say, what gives. Let alone the pension debt Illinois carries - this is not uncommon across the country [0]https://www.sacbee.com/news/politics-government/the-state-wo... [1]https://www.forbes.com/sites/adamandrzejewski/2018/10/26/ill... [2] https://www.illinoispolicy.org/moodys-report-illinois-pensio... |
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