Real Costs of Pensions

                    

Most recipients of pensions, and those who pay for them, have little idea of cost.

                       

Fact: $1 million at 4% yields only $40,000 income a year. How many millions have to be contributed to meet the capital and income required?

                       

Now you see the shortages for taxpayers to meet in annual pensions for the life of  any government worker. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)