Why Thousands of Federal Retirees Get Six-Figure Pensions...?
jt
2012/08/16 04:14:06
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More than 21,000 retired federal workers receive lifetime government pensions of $100,000 or more per year, a USA TODAY/Gannett analysis finds.
Of these, nearly 2,000 have federal pensions that pay $125,000 or more annually, and 151 take home $150,000 or more. Six federal retirees get more than $200,000 a year.Some 1.2 percent of federal retirees collect six-figure pensions. By comparison, 0.1 percent of military retirees collect as much.
The New York State and Local Retirement System pays 0.2 percent of its retirees pensions of $100,000 or more. The New Jersey retirement system pays 0.4 percent of retirees that much. Comparable private figures aren't available.
Of these, nearly 2,000 have federal pensions that pay $125,000 or more annually, and 151 take home $150,000 or more. Six federal retirees get more than $200,000 a year.Some 1.2 percent of federal retirees collect six-figure pensions. By comparison, 0.1 percent of military retirees collect as much.
The New York State and Local Retirement System pays 0.2 percent of its retirees pensions of $100,000 or more. The New Jersey retirement system pays 0.4 percent of retirees that much. Comparable private figures aren't available.
Contd...
http://www.cnbc.com/id/48678353
A fwd article: -jt
Now, I still believe that they should be paid pensions as promised, however, perhaps those pensions should be cut to represent what their pay for non-OT hours was. At least some sort of pro-rating to offset this.