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November 7, 2011

Pensions Beyond Pay

I've taken a closer look at the phenomenon of retirees with pensions larger than their former paychecks, and the reasonable scenario of gradual increases doesn't appear to apply. For one thing, older retirees appear much less likely to have pensions that exceed their final salaries than retirees who've been off the job for just a few years. For another, the entity for which the retiree worked appears to make a significant difference.

Posted by Justin Katz at November 7, 2011 6:21 AM
RI Center for Freedom & Prosperity