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Government Workers Outearn Private Sector in Retirement
A private sector worker would have to retire with a 401(k) balance of $768,940 to match the retirement income of an average career state government employee. That is one of the key findings of a new study by Andrew Biggs, a pension and Social Security expert at the American Enterprise Institute, a free-market oriented think tank. “Full-career public employees retiring today … receive pension benefits that place them among the highest-income retirees in their states,” Biggs writes..Read More
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