The public needs to learn more about public pensions. Few seem to care or understand how this is breaking the economy and taking away so many opportunities to provide health care, education, green energy, etc. Public employees retiring with million dollar pensions is an outrage. Million $ pensions? A $48,000 annual pension for a 60yr old costs $772,000. The same amount for a 55 yr old cost $831,000. A $72,000 pension for a 55 yr old costs $1,031,000. And these pensions are fixed. Throw in pensions with cost of living adjustments (which no one seems to sell) and the costs would be much higher.
http://online.wsj.com/article_email/SB124580096328044597-lMyQjAxMDI5NDI1MzgyMDMwWj.html
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