Have you read your STRS newsletter this month?

How about that part about bonuses for the fund managers even though all that money was lost. Really, was it their fault? Want some ACORNish outrage showing up at their door step Mr. Frank and Mr. Obama? Our pensions are not looking so great. This piece is not from that, but it could be

. . . we are just starting to see the unraveling of public pension systems that could well shake some of society’s basic foundations. Policemen, policewomen, firefighters, teachers and other public employees form the backbone of society. Many of these people happily take jobs offering lower wages in return for the psychic income of public service and, of equal importance, the financial income of a generous pension when they retire.

My pension is far from generous, certainly not like the public school teacher who has taught 30 years then retired because it didn't pay to continue. I only have 23 years, and some of that I had to buy back from Illinois. But many retired public servants do quite well, and then create other careers. I talked to a man the other day at the Senior Center--he and his wife had 5 pensions between them.