Government employees across American get outrageously generous pensions paid for by taxpayers. Here’s one of them.
Who’s pigging out: James Enochs
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Ingredients for the pig-out: Enochs is a former superintendent of schools in Modesto City, Calif.
How big is this pig-out? $285,460 every year
Average annual private-sector retirement income: $31,757
Who pays for this pension pig-out?: The taxpayers of California
How can this happen?: Public employee pensions in California are so generous the state now has a $535 billion unfunded future liability, equal to $36,000 for every household in the state. That’s more than the gross national product of Sweden, Switzerland or Saudi Arabia. California is not unique; have you checked your state’s public employee pensions lately?
Compiled by Examiner researcher Joel S. Gehrke Jr.
