In Forbes, Rich Karlgaard crunches the numbers on public employee retirement plans, showing may have retirement plans with net present values in the millions.
Who are America's fastest-growing class of millionaires? They are police officers, firefighters, teachers and federal bureaucrats, who, unless things change drastically, will be paid something near their full salaries every year--until death--after retiring in their mid-50s. That is equivalent to a retirement sum worth millions of dollars.
Hat tip to Zack Scrivener.
