The pensions seem great because they are too good to be true. [1] Many of the public pensions put people in the top quarter of household incomes. So at a time

The pensions seem great because they are too good to be true. [1] Many of the public pensions put people in the top quarter of household incomes. So at a time in your life when you aren’t working, your kids are through college, and your house should be paid off, you get a paycheck larger than most Americans. We can’t all be in the top 25% of incomes, nor should we when we aren’t working and the money comes from the government, but that’s the problem with the public pension system. I agree the majority of us are getting screwed, but there are multiple factors: runaway defense spending, never ending bank bailouts, etc, which also include public pensions. http://calcoastnews.com/2014/12/slo-countys-six-figure-pension-club/ http://calcoastnews.com/2014/12/slo-countys-six-figure-pensi...