Six-figure L.A. city pensions

The L.A. Times reports:

841 Los Angeles city pension recipients paid benefits at a rate of $100,000 per year or more. It includes retirees or beneficiaries from general government agencies and the Department of Water and Power. Fire and police pension officials released data only for city retirees.

On average, the 14,975 civilian pensioners in the Los Angeles City Employees’ Retirement System receive $39,828 per year. Paid from separate funds, DWP pensioners receive an average of about $48,000 annually and police and fire pensioners collect an average of $53,832 annually.

I'll bet your 401K can't produce that kind of income when you retire, if you work in the private sector.