If you look at CalPERs numbers for last year, and compare total number of retiree growth to total number of retirees with $100K or more annual payouts, you’ll see that 50% of the growth is in the $100K club.
You can talk about averages but those averages are driven down by retirees that are currently 70, 75, 80 and retired 10,15, 20 years ago.
