94%

[Shiftless]

My buddy retired from the county. He just turned 55.

He gets 94% of todays base pay for life with a very small drop down for the spouse when he expires. along with access to lifetime Cadillac health insurance that is virtually little cost to him.

Some people think that is extreme? Some not enough?

ME? It was negotiated contract's that led to this point. I am Happy for Him!

What Say YOU?

At what percentage is enough, enough or is it never enough?

 

[Jones]

What was his job?

 

[Shiftless]

Fireman

The Police and Sheriff department's all seem to be in this range in our area. All contractual language from years past. Newer employees do not see this type of retirement monies nor have the possibility to retire earlier than contracts of the past. It appears in this area 90 to 95 % is the norm.

What was your #?

In ways, similar to to Peer 80, 82 and 84 retirement of age programs UPSers live under. Just not a pension paying in the 95% of base salary rates.

A city 25 miles from me may have to bankrupt from these types of retirement's as the city is having a hard time funding the plan where too much was promised.

Again! I don't have a beef with these contracts the county and cities negotiated.

Maybe some day all you working stiffs reading this will see fit to insist the Pension plan brings us hobbled old retired FOOKER'S up to the 95% ratio to base salary.

 

[IVE GOTTA PACKAGE 4U]

Fireman

The Police and Sheriff department's all seem to be in this range in our area. All contractual language from years past. Newer employees do not see this type of retirement monies nor have the possibility to retire earlier than contracts of the past. It appears in this area 90 to 95 % is the norm.

What was your #?

In ways, similar to to Peer 80, 82 and 84 retirement of age programs UPSers live under. Just not a pension paying in the 95% of base salary rates.

A city 25 miles from me may have to bankrupt from these types of retirement's as the city is having a hard time funding the plan where too much was promised.

Again! I don't have a beef with these contracts the county and cities negotiated.

Maybe some day all you working stiffs reading this will see fit to insist the Pension plan brings us hobbled old retired FOOKER'S up to the 95% ratio to base salary.

Could you imagine what our pension would look like if it wasn't based on 40 hours?

 

[Jones]

Mine ended being about 65% of what I made total in my last year(including OT). 82% of what I would have made working straight 40 hour weeks. Our retiree health insurance costs a pretty penny though.

 

[IVE GOTTA PACKAGE 4U]

Mine ended being about 65% of what I made total in my last year(including OT). 82% of what I would have made working straight 40 hour weeks. Our retiree health insurance costs a pretty penny though.

How much?

 

[Jones]

How much?

Health insurance is $1258/month for me and Ms Jones. Thinking about switching to an ACA plan, with the changes to the subsidy structure that were made in the last stimulus bill I can get a Bronze plan for as low as $158/month for both of us.

 

[IVE GOTTA PACKAGE 4U]

Health insurance is $1258/month for me and Ms jones.

Holy Hell

 

[Jones]

Holy Hell

It's a Cadillac plan for sure, low deductibles and low max out of pocket (not counting the premiums), top notch dental and vision included.
At the time I retired I couldn't get anything close to it on the market.

 

[IVE GOTTA PACKAGE 4U]

It's a Cadillac plan for sure, low deductibles and low max out of pocket (not counting the premiums), top notch dental and vision included.
At the time I retired I couldn't get anything close to it on the market.

That's $850 more a month than I have to pay for.

 

[Jones]

That's $850 more a month than I have to pay for.

That's why I'm probably gonna switch to an ACA plan. Should save me 8-9k/year on average.

 

[IVE GOTTA PACKAGE 4U]

That's why I'm probably gonna switch to an ACA plan. Should save me 8-9k/year on average.

That's a boatload of money. if I had to pay that much I couldn't afford to retire

 

[Jones]

That's a boatload of money. if I had to pay that much I couldn't afford to retire

Nah, you'd probably just have to cut back on the caviar a bit.

 

[IVE GOTTA PACKAGE 4U]

Nah, you'd probably just have to cut back on the caviar a bit.

Screw the caviar I'm not cut back on my beer. I'll keep working

 

[Jones]

Screw the caviar I'm not cut back on my beer. I'll keep working

You can have it.

 

[IVE GOTTA PACKAGE 4U]

You can have it.

Trust me my aching head needs it from this place

 

[bottomups]

Health insurance is $1258/month for me and Ms Jones. Thinking about switching to an ACA plan, with the changes to the subsidy structure that were made in the last stimulus bill I can get a Bronze plan for as low as $158/month for both of us.

Damn. My premiums are only $388/month for me and the spouse. Granted, one is a supplemental to Medicare.

 

[Jones]

Damn. My premiums are only $388/month for me and the spouse. Granted, one is a supplemental to Medicare.

Yeah it seems like kind of a trade off, we have one of the higher pension payouts but the retiree HC is on the higher end too. It does go down with age from 55 to 60, I retired at 54 so I'm paying the max.

 

[bottomups]

Yeah it seems like kind of a trade off, we have one of the higher pension payouts but the retiree HC is on the higher end too. It does go down with age from 55 to 60, I retired at 54 so I'm paying the max.

That makes more sense. I retired at age 60 with 30 years in the health fund so I received the lowest rate. Total will drop to around $250/month when we are both on a supplemental to Medicare.

 

[Wally]

In my state retirees get 80 percent of their last 3 years in. Usually they beef up the overtime so when they leave it's a gravy train.