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State of California ripping off Joe Q Public


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Still amazed at people who cant understand the concept of compound interest. What do you think it cost to fund a 100% pension after 25 years? And technically we're not paying for it now, we've already paid for it. Sheriffs are now contributing well over half of their pensions and they havent seen an increase in pay in 5+ years.

 

I understand if people think they're over compensated but dont rag on the pension. work hard and invest 10%. You'll be retired after 25 years too

 

So we don't have a $500 Billion pension deficit? Sweet!

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