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Taxpayers Going Postal Over Public Employee Pensions, Perks. Unions’ miscalculation: Opting for secrecy.
[…] of employment, which are the basis for calculating retirement benefits. Such gaming of the system boosts starting pensions to levels that can approach, and even exceed, employees' salaries. Some examples from the reporting of the Contra Costa Times' Daniel Borenstein: A retired northern California fire chief whose $185,000 salary morphed into a $241,000 annual […]
June 11, 2010