Number of California public retirees in $100K Club skyrockets, but they’re just part of the burden on state pension system
https://www.mercurynews.com/2019/08/05/number-of-public-retirees-in-100k-club-skyrockets-but-theyre-just-part-of-the-burden-on-state-pension-system/
Back in 2005 — when Disneyland turned 50, George W. Bush began his second term in the White House and Microsoft released the Xbox 360 — a mere 1,841 people collected pensions exceeding $100,000 a year in the massive California Public Employees Retirement System.
By 2009, when Barack Obama was inaugurated and Chesley Sullenberger landed an airliner on the Hudson River, this so-called $100K Club had more than tripled, to 6,133 retired workers.
Number of California public retirees in $100K Club skyrockets, but they’re just part of the burden on state pension system
Aug 6, 2019, 1:33pm UTC
https://www.mercurynews.com/2019/08/05/number-of-public-retirees-in-100k-club-skyrockets-but-theyre-just-part-of-the-burden-on-state-pension-system/
> Back in 2005 — when Disneyland turned 50, George W. Bush began his second term in the White House and Microsoft released the Xbox 360 — a mere 1,841 people collected pensions exceeding $100,000 a year in the massive California Public Employees Retirement System.
> By 2009, when Barack Obama was inaugurated and Chesley Sullenberger landed an airliner on the Hudson River, this so-called $100K Club had more than tripled, to 6,133 retired workers.