Government employees across America get outrageously generous pensions paid for by taxpayers. Here's one of them. Who's pigging out: Harold Nabors
Ingredients for this pigout: Nabors worked for Madera County, Calif.
How big is this pigout? $178,251 per year
Average annual private sector retirement income: $31,757
Who pays for this pension pigout?: The taxpayers of California
How can this happen?: Public employee pensions in California are so generous the state now has a $535 billion unfunded future liability, equal to $36,000 for every household in the state. That's more than the gross national product of Sweden, Switzerland or Saudi Arabia. California is not unique; have you checked your state's public employee pensions lately?
Public sector pigout is researched and written by Mark Hemingway of
The Washington Examiner's editorial page staff.