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Study: States Must Fill $1 Trillion Pension Gap

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one...two...tree Grand Master

one...two...tree   2,762

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For Bill to chew on... :whistle:

Some state retirees rake in pensions and paychecks

Thousands who have returned to public service in California, including eight legislators, receive their retirement benefits and a salary. The practice has raised concerns.

October 09, 2009|Patrick McGreevy

SACRAMENTO — As California's public retirement funds reel from losses of nearly $100 billion in recent years and lack enough cash to cover their long-term costs, thousands of state employees are collecting government pension checks along with their paychecks.

John Benoit, a Republican state senator from Palm Desert and a former California Highway Patrol captain, is one. He draws a $98,600 annual state pension while also collecting a six-figure salary as a lawmaker.

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Edited by Galt's gallstones
 

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