The typical AFSCME member -- men and women who plow our streets, care for the sick, protect our children, clean our buildings and keep our communities safe -- receives a pension of approximately $19,000 a year after a career of public service. The employees have earned and paid for these pensions. Employee contribution rates commonly amount to 3 percent to 10 percent of their paychecks. These contributions, combined with investment earnings, usually account for 75 percent or more of all pension benefit funding.
Lee A. Saunders: Killing Pensions to Benefit the 1 Percent
Friday, January 13, 2012
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