Team Hedge Fund

“A key argument that public-safety officials use to justify their absurdly high pension benefits –- i.e., “3 percent at 50” retirements that allow them to retire with 90 percent or more of their final year’s pay as early as age 50 — is this: We die soon after retirement because of all the stresses and difficulties of our jobs. This is such a common urban legend that virtually every officer who contacts me mentions this “fact.” They never provide back-up evidence.”
Go to Source

Related posts:

1. Private Equity Funds Lose Commitments From Pensions
2. UK Eyes Financial Reform on Global Crisis
3. Changes needed as state, locals pay more $100,000 pensions
4. Pension War In Ohio, Greedy Police and Fire Unions Ask For Still More
5. Neil Barofsky Promises Handcuffs; Police Pay Dispute In Miami; Workers Protest In NM; California Muni Bond Outlook, Other Potpourri