Sunday, May 23, 2010
New York continues its own pension tsunami
The public pension problem in many cities is help drive teacher layoffs and cutbacks in many other social services, including those for the elderly.
The link for the article is here.
The article has a graph noting that in 2008 the typical state or municipal pension was $15491, compared to $7904 in private enterprise. The later is a little less than what mine is (in private enterprise, based on 12 years service, with some effect from a social security offset).