Loading ...Yup the system is completely broken, when it comes to public employees versus private sector ones, in both employment and retirement.
In the UK we have local council heads earning over $ 500 k p/a, then retiring on massive index linked ( inflation proofed ) pensions …in contrast people in the private sector can barely buy a decent pension, as interest rates are so low, annuity rates pay nothing, so they have to keep working….
To make matters worse they raised the retirement age to 67, which meant a lot of women have to work an extra 7 years…..but public sector workers, retire early on full pensions, due to spurious medical grounds….!!!!