In San Francisco, city pensions are higher than the average citizen's wage

The San Francisco Chronicle reports:

The average retiree who worked at least 30 years in city government earns an annual pension of $76,981.

The average pension for a retiree from the Fire Department is $108,552. From the Police Department? $95,016. ....

[C]ity retirees are doing pretty well compared with working San Franciscans. Census data show the median family income in the city is $86,546. Per capita income is $44,373.

Public Defender Jeff Adachi is gathering signatures to place a measure on the November ballot that would require city workers to pay far more of their salaries toward pensions. Currently, most pay 7.5 percent of their paychecks, but some highly paid employees would pay double that in bad economic years under Adachi's plan.

"I think it's interesting that the average pension paid to a city employee is higher than the average earnings of most San Franciscans," he said.

Hat tip: Public CEO.

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