[quote=UCGal][quote=LarryTheRenter]A sole proprieter would have to have a 2 million dollar retirement fund which yields 6% per year which would get you the $10,000 per month..
So obviuosly the fireman/woman didnt kick in this much him/herself…it is the taxpayers that are getting bled.[/quote]
A sole proprietor often has equity in the business that they can sell/cash out when they retire.
I’ve seen it happen a lot. Build a business – sell it, retire on the proceeds.[/quote]
Or more likely, invest time and money, see the business fail.
The risks of termination/failure with public employment are minimal. You cannot claim job safety as a replacement for the lower compensation, and then defend $100K guaranteed pension (paid medical for life include?) with CEO pay.
