Even though this “Governing” article cites a study by the ultra conservative American Enterprise Institute claiming that “full-career” workers in five states (including California) make more in retirement earnings than their final salary, it also points out that many public pension plans are well funded, well managed and deliver modest secure benefits. It concludes with a suggestion that a goal should be to apply some of the best practices of these well-managed public plans to assist private sector workers who generally have little or no retirement savings. Read more: http://www.governing.com/topics/finance/gov-pension-envy-lessons-from-well-managed-plans.html
