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Re: States face $1.26 trillion shortfall in funds to pay retiree benefits 

By: ribit in FFFT | Recommend this post (1)
Wed, 27 Apr 11 3:31 AM | 88 view(s)
Boardmark this board | Food For Further Thought 		Msg. 28566 of 65535
(This msg. is a reply to 28560 by clo)
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clo
“They earn modest benefits after a career of service,” he said.

...depends on who defines "modest".




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

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The above is a reply to the following message:
Re: States face $1.26 trillion shortfall in funds to pay retiree benefits
By: clo in FFFT
Tue, 26 Apr 11 9:10 PM 		Msg. 28560 of 65535

ribit,

Not their retirement & Medicare kicks in when they are 65. clo

McEntee added that retirees who were AFSCME members earn average pensions of approximately $19,000 per year, of which member contributions and investment returns cover 70 to 80 percent.

“They earn modest benefits after a career of service,” he said.

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