Tuesday, July 9, 2013

Obama has a sweet retirement package but will you?

Public pensions are the last pensions standing--for how much longer?

Obama has a sweet retirement package. Will you? - The Term Sheet: Fortune's deals blogTerm Sheet: " . . . I can't get past Obama wanting to limit savers to only about half the value of what he stands to get from his post-presidential package. Based on numbers from Vanguard Annuity Access, I value his package at more than $6.6 million.. . . . That's right, $6.6 million. And that doesn't include the IRAs in which Obama has been socking away the $50,000-a-year maximum, or the $18,000 (plus cost of living) a year he will get at age 62 for his service in the Illinois senate, or any other benefits he or his wife may realize from past or future jobs."





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