Matt Welch asked “How hosed is California based on state-sector pension obligations alone?” and shared a reader’s comments:
“I used to work at a library and for a city government in the Bay Area. I took a look at some people who I knew worked there and retired recently. One librarian had retired with a $110k a year pension. A former police chief who retired recently (in his early 50s) from my tiny city now has a pension of $185k a year. These government workers are retiring with full health care benefits for them and their families at no additional cost, and they can retire at age 50 or 55 depending on where they work.
“It’s an amazing gravy train.”
