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To: AngelesCrestHighway
When we also consider the pension plan, the DWP employees are making out like bandits.

Case in point, a relative works for DWP and has since he was 20. He is now 57 and will retire in two years. He will retire at 90% pay. Retirement pension allows for inflation increases. Within 3-5 years his retirement income will surpass his current salary.

Yes, they should get inflationary increases in pension, but the 90% of base is too high of a figure. It should be more like 75% to 80% of the base pay is the maximum that can be achieved in the first year of retirement.

19 posted on 10/02/2007 11:03:03 AM PDT by Michael.SF. ("democrat" -- 'one who panders to the crude and mindless whims of the masses " - Joseph J. Ellis)
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To: Michael.SF.
Yes, they should get inflationary increases in pension, but the 90% of base is too high of a figure. It should be more like 75% to 80% of the base pay is the maximum that can be achieved in the first year of retirement.

Pensions by the public sector should be phased out totally with the riders on the gray train joining the rest of us shlubs with 401K type plans.

32 posted on 10/02/2007 1:03:55 PM PDT by jwalsh07
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