Submitted by tom on
A couple of eye opening stories in a recent op-ed piece by Steve Forbes.
In New Jersey, a 49 year old state retiree paid a total of $124,000 toward his retirement pension and health benefits. The result is $3.3 million in pension payments over his life and nearly $500,000 for health care benefits--a total of $3.8 million on a $120,000 investment.
A retired teacher in New Jersey paid $62,000 toward her pension and nothing for full family medical, dental and vision coverage over her entire career. The state will pay her $1.4 million in pension benefits and another $215,000 in health care benefit premiums over her lifetime.
The story can be found by clicking here.
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tom replied on Permalink
$510,000 per year pension