Originally Posted by Mutt

i don't get it - how can they afford to pay these pensions?

90% pension at 50 years of age for an employee making $100,000 - average life expectancy of 78 for males - that's 90,000x28=2,520,000 what the fuck, that's 2 and a half million dollars. how much would it cost a person 20 years old per year to buy an annuity that would pay them $90,000 at 50 years old?