NY Times: The Burden of Pensions on States

Caveat:  Colorado offers pensions that replace 90 percent of salary, with generous annual compounding that more than keeps up with the current rate of inflation. (The state has tried to reduce this compounding; retirees have sued.) Colorado’s pensions are unusually rich because its public workers are not permitted to participate in Social Security — the state pension is the only one they get.


FULL ARTICLE AT LINK.
http://www.nytimes.com/2011/03/11/business/11pension.html?_r=1&hp=&pagewanted=all