That little tidbit would have been useful information to include in an article on Chicago Mayor Rahm Emanuel's plans to cut public employee pensions. The piece reports that retired workers receive:

"average annual benefits ranging from about $34,000 for a general-services retiree to $78,000 for a former teacher with 30 years of service." 

These payments will in most cases be the vast majority of retirees' income since workers who spent their entire careers working for the city will not be receiving Social Security benefits. It also would have been worth noting that the actual payments (rather than schedules for long-term employees) average just over $37,000 a year under the city's main retirement fund.

Leave your comments

Post comment as a guest

0
  • No comments found

GuideStar Exchange Gold charity navigator LERA cfc IFPTE

contact us

1611 Connecticut Ave., NW
Suite 400
Washington, DC 20009
(202) 293-5380
info@cepr.net

let's talk about it

Follow us on Twitter Like us on Facebook Follow us on Tumbler Connect with us on Linkedin Watch us on YouTube Google+ feed cepr.net rss feed