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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.

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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)
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To: VRWCarea51
At any rate it is no where near 80% you claim.

In NYS, most police & fire work 20 hour days for their last 3 years, many retire at 100% or more of their normal wages. Teachers, about half are way over paid, also get early retirement and great benefits to retire. Government workers for the state, about 150% overpaid and thus earn in retirement way more than their ability in the private sector

65 posted on 06/10/2015 9:20:06 AM PDT by 1Old Pro
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