Turns out they are JUST LIKE YOU and ME, dear readers.
"State’s pension costs on the rise" March 20, 2011|By Matt Carroll, Globe Staff
The number of state retirees collecting pensions of at least $100,000 has climbed more than 20 percent in the past year, jumping from 145 to 176, with the top pensioner receiving more than $240,000....
Oh, ONCE AGAIN it is the A**HOLES at the TOP that are RUINING IT for EVERYONE and giving them all a BAD NAME!
The state pension fund is part of a much larger $31 billion in unfunded liabilities for all Massachusetts public workers, covered by the 105 pension boards scattered across the state.
Pensions are determined by age, years of service, and pay, and the vast majority are not enormous: The average annual payment is currently about $28,300.
Which means MOST of them are LESS because they are BALANCED OFF by the HIGH LOOTER AMOUNTS!
Employees pay up to 11 percent of their salary to help fund their retirement.
Whadda ya mean? The politicians and the papers have left the impression it was all free money from taxpayers? WTF is with the OBFUSCATIONS and DISTORTIONS?!!!
State employees do not receive Social Security for their work in the public sector....
--more--"
Related: Pension fund is up 3.3%
Oh, that's good news.
And at least the bankers are all fat and happy.
Who can complain about that kind of world?
