As reported by KFI radio:
Thank you for reading this post, don't forget to subscribe!California’s retired government workers earn 26% more in retirement than private-sector workers earn while still on the job.
That’s the finding of an in-depth analysis released this week by the California Policy Center.
“This is an absolutely upside-down system,” said California Policy Center CEO Mark Bucher. “In the Golden State, it truly pays not to work.”
The new study found that the average pension for a retired public employee in California was $68,673 in 2015, before benefits. By contrast, active private-sector workers earned on average just $54,326.
That same year, the maximum Social Security benefit for a high-wage earner retiring at age 66 was just $32,244 – less than half the benefit of a retired government worker.
Study author Ed Ring analyzed 23 of the largest pension systems in California, representing 95 percent of all state and local government retirees – over 1 million retirees. …
The average wage of a California teacher is higher than the average wage of a private-sector worker. Yet, there is a Democrat proposal to have CA teachers pay no state tax. Brilliant.
Ah the chickens of higher pensions in return for votes have come to roost, but they only lay rotten eggs. What a stench!
Google “Two Minute Conservative” for more.