Retirement Benefits For Public Workers Twice That Of Private Industry
AAP Business writes that public workers such as police and firefighters receive pensions about twice as high as private sector retirees. Public plans face rising costs as cities and states allot sizable shares of payroll to funding, fueling budget concerns and union demands for liberalized pensions. By 1981 private plans average 1370 dollars yearly while state and local plans near 2680 dollars, with public funding rising toward 50 percent of payroll in some cases.
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Tom K
New York City
John W
John
Bridgetenders
United States
New York State
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