Posted on 01/22/2015 7:37:08 AM PST by redreno
CARSON CITY Most people who make the decision to retire have to figure out how to live on fewer dollars, but that is not always the case with Nevada state and local government employees, a new analysis has found.
The analysis by the conservative think tank Nevada Policy Research Institute, using newly available public data provided by the Public Employees Retirement System, shows that many public sector retirees actually receive a raise upon retirement.
The analysis, which looked at 10 of Nevadas largest government agencies, including the state of Nevada, Las Vegas, Clark County and the Clark County School District, found that in many cases, retiring meant a pay increase for the average local government employee.
On average, those employees retiring with 30 or more years of service took in 100.59 percent of their base pay in retirement payouts, the analysis shows.
Retirement in the public sector with a full life of government service is expected to top out at 75 percent or 90 percent depending on the date of hire.
(Excerpt) Read more at reviewjournal.com ...
Unsustainable. Literally.
No kidding. We have a LONG history of that here. Particularly among bus drivers. No wonder they can’t fund the transit system no matter how high they raise taxes.
“Many public-sector retirees making more than they did on job”
That seems only fair...
This is what Big Government is REALLY all about.
The formula is to accrue lots of unused vacation time, then in the last year of employment, use that vacation time to amass overtime pay which becomes the ending salary retirement is computed from. The icing on the cake is then to doctor shop to get a diagnosis of a ‘work related injury’ and receive additional disability payments. A big wink-wink nudge-nudge of monstrous proportions that goes on everyday in this country.
The rest of us can't board that gravy train.
Yeah, let me just keep on working until I am 100 so I can help pay for it.
And most of our seniors- who made this great country what it is are almost starving on their meages SS checks while Omuslim doles out billions to countries who hate us.
(google ‘billions for jihad’)
Any questions how hacks get reelected.
Meanwhile, small business owners see their income go down, down, down. And now Obama wants them to pay an additional six weeks of pay for a woman to have a child.
Small business is Obama's greatest enemy. Because they are the main driver of the middle class.
Makes perfect sense.
They get paid a lot for doing very little.
And then get paid even more for doing nothing.
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