The typical American Federation of State, County and Municipal Employees union member receives a pension of approximately $19,000 a year after a career of public service. These pensions are largely earned and paid for by the employees themselves. Employee contribution rates commonly amount to 3% to 10% of their paychecks. Our contributions, combined with investment earnings, usually account for 75% or more of all pension benefit funding.
How Different Should Public and Private Pensions Be? —Letters to the Editor - WSJ.com
Wednesday, January 11, 2012
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