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Local Government

The Coming Fort Worth Pension Debacle

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From the great Mitchell Schnurman in this morning’s Star-Telegram:

In January, a 53-year-old policeman retired with an annual benefit of $90,312 for life, plus $256,000 in a lump sum payment.
By comparison, a Stamford, Connecticut fireman I know retired after 30 years at age 60 with an annual pension of $38,000. For how the difference will affect taxpayers, read the whole thing here.  For more on the pension debacle facing the entire country, go here.

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