A very informative article shooting holes in the common myths about Government Pensions.
From the linked article:
Think public retirees have it made? Not necessarily. True, there have been plenty of headline-grabbing cases of public-sector retirees with seemingly over-generous pensions — even some whose retirement pay outstrips what they made in their working days. But the fact is that most public retirees enjoy modest lifestyles. Still, in the ongoing debate over reforming public pensions, retirees sometimes are portrayed as living high on the hog, a characterization employee advocates say is unfair — and one that’s clouding the issue.
Just to give a small bit of context to the article, the average pension amount from the Florida Retirement System (FRS) is $18,000 annually. (source here, it’s a PDF, page 3)
Thanks to Kim for pointing out the original article.