Public employee pensions higher than advertised
Original post made by Fact Checker 2, Amador Valley High School, on Feb 9, 2011
Check this out and make sure you understand any assumptions that others are using as lots of misleading information out there. The rates quoted by most include:
- blend of new employees as well as career employees
- older rate schedules and not latest for someone retiring today
Pls be sure you have apples and apples assumptions so you do not get fooled like I was. If anyone has most recent data for someone retiring today and only for career workers with 30-35 yrs service,so we can understand apples for apples, please share with us.
Here is the article:
Daniel Borenstein: Public employee pensions much higher than advertised, 2/5/11 (Oakland tribune)
(Copyrighted story from another newspaper removed.)
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