Teacher Pension Bombs
November 13, 2010
By RiShawn Biddle on 11.12.10 @ 6:07AM
California taxpayers have almost become immune to stories about the high cost of generous defined-benefit pensions, employer-subsidized healthcare plans, job protections and degree- and seniority-based pay scales struck by the state, school districts, and affiliates of the National Education Association and American Federation of Teachers. Not even the fact that 3,090 of its retired teachers are earning more than $100,000 a year in annuity payments causes a stir.