Well, You seem to have arrived.

Perhaps the “4 stooges” is more appropriate.

Oh T Lovey—- are you having yet another delusion of adequacy?

The numbers you use, even if your math were valid, leave the reader with the impression that $100,000 retirements at 55 are typical. They are not. They are a very small minority of public workers.
……………………………
” You’re almost as bad as the circus clowns … Ted, Queeg, and NTHEOC.”

Thank you. That is my aspiration. I have much to learn.

Didn’t write nor ever saw that quote.

But here’s a fact …..

Take ANY CA Public Sector worker and find a Private Sector worker doing a reasonable comparable job and with the SAME pay, SAME age at retirement, and the SAME years of service …..

When you compare their pensions, the value at retirement (considering BOTH the richness of the pension “formula” and the generosity of it’s “provisions” such as COLA increases and young full retirement ages) of the Public Sector worker’s pension will always be AT LEAST 2x greater than that of the Private Sector worker, MOST OFTEN 3x-4x greater, and for safety workers, 4x-6x greater.

And I DEMONSTRATED the latter (for Safety workers) in my above comment time stamped April 9, 2014 at 10:06 am.

You never demonstrate anything … just blather away. You’re almost as bad as the circus clowns … Ted, Queeg, and NTHEOC.

A classic example of “TL math”:

“Let’s take a miscellaneous employee, a common classification that covers everyone from DMV office staff to local school custodians. Say the employee retires at age 55 after 20 years of service with a final salary of $92,200.”*

No wonder taxpayers are teed off. Keep printing this crap and people start believing it.

If you can find me ONE custodian who makes anywhere near $92k, I will kiss your butt on the Capitol steps and give you half an hour to draw a crowd.

*The State Worker: New pension plans differ greatly from ‘classic’ models

Toughie— Zzzzzzzzzzzzzzzzzz pretty dull-normal name calling don’t ya think little buddy?

The gloomy doomers HATE those calpers fund values——oh my…..

Queeg,

You fall into the category of “entitlement-mentality quacks” I mentioned above.

Starting out nicely….typical doomer vitriol…..oh….spare us!

Plus another $3.4 billion in CERBT. More and more units are now negotiating contracts to prefund their retiree healthcare with deductions from employee pay.