The Patriot Post® · Pension Bomb Ticks Ever Louder

Jeff Jacoby: “[H]ow much is a full-career public employee pension worth in dollars and cents? In the average state, those lifetime retirement benefits – again, not including health coverage – have a present value worth $768,940. In many states, they’re worth even more – $848,735 in Massachusetts, for example, and more than $1.3 million in Nevada. For the average career government employee retiring today, pension benefits will equal 87 percent of their final salary. Those benefits are eating taxpayers alive, as the pension bomb ticks ever louder.”