Though many Americans are worried that their poorly invested pension funds might go bust and leave them penniless in retirement, one class of employees has no such concerns: top federal officials. It's not just that their benefits are guaranteed by the U.S. Treasury and thus protected from the economic shocks that have wrecked some company plans. Thanks to a generous cost of living index scheme that would be extremely rare in private industry -- a plan that the U.S. Congress designed mainly for its own benefit -- many former federal officeholders actually make more for not working than they ever did...
Public Service: The Golden Rocking Chair
Thanks to fat pensions, many retired officials make more than those still on the job
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