Massachusetts state pension, debt liability ‘at crisis level’
Across the country politicians, often funded by state workers, made lavish pension promises. Now reality is starting to bite.
(From The Boston Herald)
On top of that, more than 1,400 other retired state workers were paid $100,000 or more last year, according to the data, and another 1,100-plus took home $90,000 or more. And all pension payouts are not subject to state taxes.