I find it interesting that the article on the $8 million retirement package is twisted to seem diabolical. I agree that the retirement plans have gotten ridiculous and I am one of the people in the system.
Pure and simple, the retirement should be 2% per year of service with a maximum of 80% of salary. Spiking should be eliminated. It should be based on highest salary for five years. Or even 2% for each year separately.
Your article lightly notes that the $8 million is predicted on a possible long life after retirement. What happens if the person dies soon after retirement? They get the after-death shaft for all the years of hard work.
– Anonymous City Employee