Quote:
Originally Posted by BADDASSC6
. . . I will say I don't think that they get 90% pension for life. That is very high.
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I regret to inform:
3% per year for up to 30 years = 90% of pay at retirement.
That's for life, transferable to spouse after death. Go ahead and plug those numbers in. Enter the force at 20, retire at 50, how long do you think that pension will be drawn?
But wait, there's more. They somehow manage to rather often get promoted into higher paying positions right near the end. But hold on, get a little injury, like a slipped disc, and poof you get that pension . . . tax free. I can go on with how it can get even more grotesque, but I think you get the picture.
Public Servant = Served by the Public