Re:We Only Hire the Best
by monknomo on Tuesday May 24, 2016 @01:20PM
(#11763459)
Except for police and the already retired I don't think you see a lot of pensions at 80% pay anymore.
FERS gives you 1.1%years of servicehigh 3 average salary, which is about 40% salary for a lifetime of service.
The NYPD give 2.1%years of serviceaverage salary and early retirement at 20 years of service (less 50% social security upon that kicking in) which is a hell of a good deal, but hardly representative of what most government workers get. I think they are probably among the only 80% pay.
You also end up with the (generally state) government worker problem of the government just deciding that paying your pension is expensive, and then having it reduced or removed. ¯\_(ツ)_/¯
FERS gives you 1.1%years of servicehigh 3 average salary, which is about 40% salary for a lifetime of service.
The NYPD give 2.1%years of serviceaverage salary and early retirement at 20 years of service (less 50% social security upon that kicking in) which is a hell of a good deal, but hardly representative of what most government workers get. I think they are probably among the only 80% pay.
You also end up with the (generally state) government worker problem of the government just deciding that paying your pension is expensive, and then having it reduced or removed. ¯\_(ツ)_/¯