[quote=SK in CV]One thing that hasn’t been mentioned anywhere that I noticed, is that many (most?) public employees aren’t covered by Social Security. I know SD cops aren’t. So when we’re comparing that $50K a year pension or $100K a year pension, compared to a private industry employee 401K, an adjustment of $15 to $20K a year for social securty has to be made.[/quote]
Uh… you might want to read about 1/2 way down the thread. I did compare average pension vs average SS recipient and what that average worker would need to have by age 55-60 to match the average pension recipient. Oh, and btw, I calculated using NPV.
