Well, the pension's projections include the fact that they invest heavily in the stock and bond markets, in addition to the cash they bring in from participants. As does my private IRA and the 403B. If we have another Great Depression, I'm screwed.
Their salaries tend to be lower than the private sector, so the pension and insurance are big draws for them.
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carisma_sensei
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Date: 2005-02-15 06:39 pm (UTC)Their salaries tend to be lower than the private sector, so the pension and insurance are big draws for them.