On average, state workers make $39.66 an hour, have traditional pensions untouched by stock market moves, and are laid off at one-third the rate of private-sector workers. Considering concerns about the federal budget, are government jobs too cushy?
The 401(k) model of saving is under duress as stocks slide. Home equity losses don’t help.
Concerns mount as to whether these plans can stay afloat amid recession.
Economic Scene: The latest report from the trustees of the system show improvement in its finances, despite some grim coverage.