WHO’S PIGGING OUT: Donald Gerth
INGREDIENTS FOR THIS PIGOUT: Gerth is the former president of Sacramento State University
HOW BIG IS THIS PIGOUT? $283,629 per year
AVERAGE ANNUAL PRIVATE SECTOR RETIREMENT INCOME: $31,757
WHO PAYS FOR THIS PENSION PIGOUT? Taxpayers of California
HOW CAN THIS HAPPEN? Public employee pensions in California are so generous that 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.