PensionTsunami's primary focus is on California's public employee pension crisis, but we also monitor news in other states, keep an eye on the world of corporate pensions, and follow developments in Social Security since it is taxpayers who will ultimately be responsible for making up deficits incurred by any of these retirement plans. We also try to monitor international trends. The editor of PensionTsunami.com is Jack Dean (JackDean-at-PensionTsunami-dot-com).
You are currently browsing the PensionTsunami Blog weblog archives for August, 2014.
By David Spady via AFP — Retired public employees are among the highest earners in the state of California. That’s because an average full-career retiree receives a retirement income higher than his final salary. In fact, lifetime pension benefits for government workers exceed $1.2 million dollars.
By Steven Greenhut via Watchdog.org | The pension numbers are clear. Despite some good recent returns, California’s pension systems are in a deep hole, the result of a decade of expanding pension promises and underfunding the payment of them. Essentially, any California public-sector worker on the job in the last decade — especially police officers, […]
