we re screwed with the pensions. they designed it. why? and let s go over what it needs to pay for it but we like dumb miss were led must mean anys. see if it makes any sense to you. california fireman, he is making $125,000 a year, he ll retire with a pension at 50 of approximately $94,000 a year. retire at 50. how many people does it take underneath him to pay for that pension? 19 19 firemen underneath him paying for hitting retirement making $50,000 a year and putting 10% of their salaries into his pension. all of them take 10% and pay it
we re screwed with the pensions. they designed it. why? and let s go over what it needs to pay for it but we like dumb miss were led must mean anys. see if it makes any sense to you. california fireman, he is making $125,000 a year, he ll retire with a pension at 50 of approximately $94,000 a year. retire at 50. how many people does it take underneath him to pay for that pension? 19 19 firemen underneath him paying for hitting retirement making $50,000 a year and putting 10% of their salaries into his pension. all of them take 10% and pay it