Pensions

==Pension payments, Retirement incomes, and Soaring Debt ==
== Links ==
===Media===
* Pa. lawmakers lost their jobs, but not their pensions from AP and The Patriot-News from May 30, 2006
==Background ==
Some of the Financial Crisis comes from Public Sector Pensions. Whether it is pensions for state workers, teachers or legislators, the financial promises made by politicians have put taxpayers on the hook. 
Rendell's Budget Secretary Mike Masch says in a Trib article, "... government will be the last provider of retiree pensions and health care to cut back to terminate those benefits." And he makes this declaration despite his admission that he has no idea how high the taxpayers' liability is for these promises to government employees.
Private sector workers could never show such negligence in managing future costs.\
== Links ==
* Editorial from Patriot News, http://www.pennlive.com/editorials/patriotnews/index.ssf?/base/opinion/1136370119180120.xml&coll=1
* McNeilly's perks for retirement detailed in Trib in Jan 2006.
* Pension-news-5-06-lawmakers-retiring-pays
===Media===
* City officials join statewide search for solution to pension problems P-G in April 2007
* Ten PA Lawmakers give up state pensions, Feb 2013, http://triblive.com/news/allegheny/3494268-74/pension-rep-lawmakers?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+tribunereviewnews+%28News%29#axzz2LG602AZU
==Details==
Tax payers foot the bill life with huge benefits for fired lawmakers, such as Chip Brightbill. They live a comfortable life after leaving office, thanks to the Pennsylvania Tax Payers including benefits such as 
:* Health insurance for life for the ex-legislative member and spouse.
:* Monthly retirement pay
category:finance