The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (47493)	1/20/2006 3:47:00 PM
From: Les H	of 306849

Looks like another ticking time bomb If the benefits are calculated on the most recent wages, these benefits should really escalate as the future retirees advance into their 50s and into senior management. Average annual benefits for retired state and local workers grew 37% to $19,875 from 2000 to 2004, the most recent data available, according to the Census Bureau. The rising payments reflect the early retirement of baby boomers, who started to qualify for full benefits in 2001, at age 55, under most government pensions. usatoday.com

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