> unlike firefighters or police officers, most retirees earn modest pensions of about $55,000 a year. That’s a very misleading statistic - it represents an av

> unlike firefighters or police officers, most retirees earn modest pensions of about $55,000 a year. That’s a very misleading statistic - it represents an average service time of about 24 years, barely more than half of a career. Full-career retirees average 105% of their final year’s pay in pension benefits, or about double what’s quoted here. [1] https://www.forbes.com/sites/andrewbiggs/2015/08/28/california-teacher-retirement-benefits-are-hardly-modest-but-calstrs-doesnt-want-you-to-know-that/#acc59ec6d3d2 https://www.forbes.com/sites/andrewbiggs/2015/08/28/californ...