EARLY RETIREMENT BURDEN

Civil service retirements in California are running 16 percent ahead of last year, suggesting that pay reductions, furloughs, diminishing resources and heavier workloads are pushing many employees to the exits.

"I've done the math," said Terry Sutherland, a Franchise Tax Board supervisor in the Bay Area with 43 years of state service. "I'll be making more retired than working. I just can't afford to subsidize my job any more."

Decrease the contributor base and increase the recipient base, that's the ticket to solvency. Given the state of the California pension funds, I'm just wondering if Sutherland can afford to live on IOUs.

Via Instapundit.