re: Retired Oregon public university worker to receive largest pension in state: $913,000 a YE

quote:

---

Pensions need to be eliminated for all govt works in all areas. Start with new hire's today.
Eliminate govt double dipping as well. It's ridiculous.

---

You will have to pay them about 20% more. Most public employers have to put between 20-40% into the pension fund.



You are also ignoring the huge hole of ending a pension. You are talking about trillions of dollars of unfunded liabilities in these pensions. We either need to invest in these now, or we will be owing several times more later. That's easier to do with utilities who can earn revenue, but the teachers and state/local governments are tougher.