Reality check: what Rhode Island "pension reform " means to the younger worker

The Pew Center on the States has just prepared a terrific graphic presentation of what the recently enacted changes to the Rhode Island state pension system will mean to a 25 year old state worker who joins the work force in 2012.

Pew also offers a more comprehensive state-by-state national  report for download here.

See the graphic after the jump.




The bottom line: this young Rhode Island state worker will have to wait and work five years longer to collect about $7000 less per year (depending on the performance of the investments in the 401-k portion of his retirement package)