Note to Michigan: Top Grand Rapids Pensions Exposed!

GRAND RAPIDS–A report released today by Taxpayers United of America (TUA) reveals that retired Grand Rapids and Kent County government employees are not only receiving lavish, gold-plated pensions, but that their pension payments, in many cases, are larger than some salaries in the private sector. Furthermore, over a normal lifetime, many of these government employees, when they retire, become pension millionaires.
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“While Grand Rapids stagnates with 8.8% unemployment, a median home value of $148,000 and an average annual wage of $45,000, retired Ann Arbor government employees are enjoying lavish, gold-plated pensions that have made some of them pension millionaires,” said Christina Tobin, TUA Vice President.
“Grand Rapids retired government employees are doing much better than the average Grand Rapids worker in the private sector. Randall J. Fisher receives an annual pension of $96,179. Fisher’s estimated lifetime pension payout is $3,410,513.” (Read more…)