In New York state, where 385,000 government retirees receive pensions, the average annual pension is about $19,000.

In North Carolina, the average pension is $22,000 per year.

According to the nonprofit National Public Pension Coalition, 30 percent of public employees do not receive Social Security benefits.

Bloomberg reported Wednesday that one in every 125 retired federal civilian workers receives more than $100,000 in annual benefits.

CA gov Brown said…”As for pensions, I have put forth my 12-point proposal. Examine it. Improve it. But please take up the issue and do something real. I am committed to pension reform because I believe there is a real problem. Three times as many people are retiring as are entering the workforce. That arithmetic doesn’t add up. In addition, benefits, contributions and the age of retirement all have to balance. I don’t believe they do today.”

G fund with a return of 2.45%.

C fund returned 2.11% for the year. The reason is because of dividends paid out by the companies that are in this index.

S fund (-3.38%)

I fund (-11.81%).

But you went to cash?

110 rule is a must.

110- AGE = % stocks.

110 – 60 = 50% in C.

That jump caught OPM off guard, since retirement applications usually spike around January. OPM Director John Berry told Congress last month that the uptick in retirements — which he said was likely caused by cash-strapped agencies offering buyouts and taking other steps to cut their workforces — is increasing pressure on the agency to process more pension claims.

As of the end of October, 45 percent of investments were in the G Fund, 23 percent in the C Fund and 8 percent in the S Fund.

Because of that switch, 95 percent of new retirees are now receiving, on average, 90 percent of what they are owed, Zawodny said.

“I think we’re getting closer” to solving the problem, he said. “We continue to reach out to the agencies and work with them to refine the calculations that they’re performing and ensuring that all agencies large and small are using best practices.”

But the National Association of Letter Carriers, a vocal critic of OPM’s inability to fix the interim annuity problem, doubts OPM’s latest claims of success.

Ernie Kirkland, the union’s director of retired members, said one member retired Oct. 1 and is getting one-third of what he is owed.

“They’re nowhere near 90 percent, from what we’re seeing,” Kirkland said.

Dave Snell, retirement benefits director for the National Active and Retired Federal Employees Association, said his organization has seen complaints drop off.

“Overall, my feeling is that we’re getting fewer complaints — but we’re still getting them,” Snell said.

Preferably 65%.

Yet many or 50 are still living paycheck to paycheck.

“We don’t value people here in this country, and we value you less if you’re not healthy and strong,” Carmona-Sanchez, 55, said.

“To me it would almost be a welcome blessing to know that I would die rather than to be old and have to live in poverty,” she said.

Her anxiety is widespread. In a recent Gallup poll, 66 percent of Americans ranked not having enough money for retirement as their top financial concern. That was up from 53 percent a decade ago and raised a red flag for U.S. policymakers concerned about distress and downward mobility in the middle class.

As the first members of the post World War Two baby boom generation turned 65 this year, the United States stood on the doorstep of what many experts see as a looming retirement crisis.