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Letter: Comparing public to private doesn’t work

Posted: May 15, 2011 1:55 a.m.
Updated: May 15, 2011 1:55 a.m.
 

On May 6, The Signal published a study by the California Foundation for Fiscal Responsibility (“Study: public-sector benefits better than private sector”).

It claims that public-sector and private-sector salaries are essentially on par, but they claim that a public-sector retiree averages $19,000 in retirement and health care, whereas a “worker at a large California company who earns roughly the same amount will garner retirement benefits each year worth $5,720.”

This sounds fishy to me. I don’t believe they are including Social Security, which a public-sector employee won’t get, and a private-sector employee will, and that probably makes the private sector’s retirement benefits better than the public sector’s benefits.

It looks like they are comparing apples to oranges, and not telling the whole story.

They tout themselves as being a “nonprofit involved in research on pension reform.” To me, it sounds like another right-wing group whose aim is to destroy state pensions and ultimately Social Security.

Who funds this group? Google says they were started by Keith Richman.

Right-wing think tanks are usually funded by corporations that have a specific agenda — destroy unions, dismantle government and “don’t make me pay taxes.”

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