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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GST who wrote (243620)4/10/2010 2:42:54 PM
From: Jet.ScreamerRead Replies (2) of 306849
 
It isn't much different in Connecticut. It is impossible for the average state employee to earn a pension that pays 90% of their salary. The pension plan has been watered down twice and the current plan isn't anywhere near as good as the original plan. Additionally state employees pay into the pension plan and they pay for health insurance, although admittedly what is paid in does not cover the entire expense. Few union employees make over 100K a year. Most of the jobs that pay over 100k are management and not in any union.

Where the pension problem exist is with those in hazardous duty positions such as police, fireman and parole officers. Generally they can retire after 20 years with up to 80% of their salary. I am not sure if this is true for all in this category.

The attacks on public employees in unions in unjustified. The public employees who are overpaid are not union employees.
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