Like most pro-union organizations, the American Federation of State, County and Municipal Employees (AFSME) maintains that public pensions are “modest.” AFSCME says its average member “receives a pension of approximately $19,000 per year after a career of public service.”
Poor old ma and pa, barely scraping by. In fact, AFSCME skews the numbers by counting old-timers who retired before pensions got out of hand.
Look instead at how things stand today: In California, the average retiring worker today receives $61,560, plus roughly $20,000 in Social Security benefits — $1.2 million over their retirement.
Poor old ma and pa. At least they can double dip to make ends meet.
Thanks to Bill Becker for sending this Wall Street Journal story.