Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: shortstop

The public union defined benefit recipients are now the new elite. Retired at 50 or 55, close to 80% of salary, medical paid for.


54 posted on 06/10/2015 8:54:20 AM PDT by 1Old Pro
[ Post Reply | Private Reply | To 1 | View Replies ]


To: 1Old Pro

And bored silly so they get to do lots of “liberal” things.


57 posted on 06/10/2015 9:06:01 AM PDT by HiTech RedNeck (Embrace the Lion of Judah and He will roar for you and teach you to roar too. See my page.)
[ Post Reply | Private Reply | To 54 | View Replies ]

To: 1Old Pro
The public union defined benefit recipients are now the new elite. Retired at 50 or 55, close to 80% of salary, medical paid for.

------------------------

Mine is nowhere near that. Actually the Calculation is 1.5%xYOSxFAC (Based on Highest 5 years income)

So if my FAC was 50k it would be .015 x 30 x 50k That would come out to 22,500/12 =1875 per month. Then subtract a 20% mandatory Insurance copay at approx. 300 dollars right now. It is a Medicare hybrid for Public Employees. Medicare being the Primary.

At any rate it is no where near 80% you claim.

60 posted on 06/10/2015 9:12:59 AM PDT by VRWCarea51 (The original 1998 version)
[ Post Reply | Private Reply | To 54 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson