Public sector pigout: Former El Cajon city manager living high on the hog 

Government employees across America get outrageously generous pensions paid for by taxpayers. Here’s one of them:

WHO’S PIGGING OUT: William Garrett

INGREDIENTS FOR THIS PIGOUT: Garrett is the retired city manager of El Cajon, California

HOW BIG IS THIS PIGOUT? $278,292 a year

AVERAGE ANNUAL PRIVATE SECTOR RETIREMENT INCOME: $31,757

WHO PAYS FOR THIS PENSION PIGOUT? El Cajon, population 92,718

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 either Sweden, Switzerland or Saudi Arabia. California is not unique; have you checked your state’s public employee pensions lately?

Pin It
Favorite

Speaking of Opinion

Latest in General Opinion

© 2018 The San Francisco Examiner

Website powered by Foundation