I mentioned last week that over 9,000 retirees in California are receiving pensions in excess of $100,000 annually from public entities. One of the reasons cited for high pensions is that high risks taken by public safety workers lead to shorter life spans (so, the high pension is a compensating wage differential offered in exchange for a shorter life). Sounds reasonable, yes?
Unfortunately, the data indicate that retired public safety workers have similar life spans to non-safety-workers. Oops.