re: Survey - when does the outrage over gov't pensions start?

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I've been talking to my state representative and senator about the outrageous state government pensions for years. Retire at 100% of last 5 years average salary after 25 years?!? WTF!!!! Plus full medical insurance coverage for life?!?

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This is complete and utter BS.

With the state of LA, you get 2.5% for each year of service. Thus, after 25 years you would get 62.5%.

You are not eligible for regular retirement until after 30 years AND age 62, I believe. 100% is not reached until 40 years of service.

State employees also pay a percentage of their wages into the retirement system. It doesn't always cover the defined benefit, should the employee rise the ranks quickly during the later stage of their career. I have done the math on my mother's state pension and she has the older, more generous guidelines. It has worked out about like a good 401k plan would, except she was forced to opt out of social security.