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TIME BOMB: Almost 80,000 People In California Are Collecting Six-Figure Taxpayer Funded Pensions

Added 11-12-19 02:02:03am EST - “California is at ground zero of a future financial implosion. The number of people in the state collecting massive taxpayer funded pensions is simply unsustainable. The Orange County Register reports: California's 100k club grows…” - Thegatewaypundit.com

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Posted By TheNewsCommenter: From Thegatewaypundit.com: “TIME BOMB: Almost 80,000 People In California Are Collecting Six-Figure Taxpayer Funded Pensions”. Below is an excerpt from the article.

The Orange County Register reports:

California’s 100k club grows as tax hikes mount

Almost 80,000 retired public employees in California are drawing pensions in excess of $100,000 per year, according to an analysis of 2018 pension payout data by Transparent California. The $100,000 club members collected 20 percent of the $51.7 billion in total public pension payments made last year in California.

Both the number of six-figure pensions and the total payout were new record highs. If public pensions were a competitive sport, California’s trophies would weigh enough to sink the state…

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