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A big part of the pension problem in California comes from Firefighters and Police. They don't contribute to the pension system, yet used to be able to cash out
by vondur 14y ago
A big part of the pension problem in California comes from Firefighters and Police. They don't contribute to the pension system, yet used to be able to cash out at age 50 with a full pension. Also, since their pension was based on their highest attained salary, they would work one year with a bunch of overtime, often spiking their salaries to six figures.