San Diego Housing Market News and Analysis
More public pension loony tunes - now Providence RI is in trouble
User Forum Topic
Submitted by ctr70 on May 7, 2012 - 7:57pm
Econmist Mag article on Providence RI city pension issues.
Wow the fire chief who retired in 1991 with a salary of $63,510 now makes $196,813 a year with his public city pension because of cost of living yearly raises. Wow that is $16,401 a month for life for sitting on your arse! Damn I picked the wrong career! But he doesn't have the City of San Diego librarian beat who makes $240,000 a year pension ($20k/mo!).
These public pension issues seem to be coming out of the woodwork left and right all over the U.S. How these crazy pensions stayed out of the public eye and picked the taxpayers pocket for so long is amazing.
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