In San Francisco, government retirees make more than working people in the private sector.
According to the San Francisco Employees’ Retirement System, the average retiree earns a pension of $46,272 per year; retirees who have worked in city government for at least 30 years earn an average annual pension of $76,981. …
On the flip side, regular (non-city government) San Franciscans don’t quite do as well as their publicly-funded counterparts. Families, on average, earn $86,546 and per capita (per person) income is $44,373.
To provide some perspective, this means that the average pension for a government retiree is $46,272, while the average working income of a non-government individual is $44,373.
Think it’s a surprise that Rick Perry goes to California every two weeks to poach companies from there?