Reason Foundation

Reason Foundation

Look At City Hall for Next Group of Millionaires

Adrian Moore
September 4, 2010, 12:57pm

In Forbes, Rich Karlgaard crunches the numbers on public employee retirement plans, showing may have retirement plans with net present values in the millions.

Who are America's fastest-growing class of millionaires? They are police officers, firefighters, teachers and federal bureaucrats, who, unless things change drastically, will be paid something near their full salaries every year--until death--after retiring in their mid-50s. That is equivalent to a retirement sum worth millions of dollars.

Hat tip to Zack Scrivener.

Adrian Moore is Vice President, Policy

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