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randygee

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randygee

Re: Burk post# 1103

Wednesday, 10/04/2006 6:03:01 PM

Wednesday, October 04, 2006 6:03:01 PM

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you must have a really nice pension...I'm in a state pension system; I have 14 years in and 11 to go to retire with a lifetime medical and a pension I can collect 100% of at 55...I'll actually be here 25 years at 52, but the pension is reduced 1/4 of 1% per year for every year before 55....

the calculation takes your number of years divided by 60 x the average of your three final years salary...I'm only thinking 45,000 annually:(
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