View Full Version : Pension
Can anyone describe the pension for the SPD. How many years to retire , who pays what into the pension, also what is the medical coverage after you retire. Thanks in advance.......
You can retire after 25 years at any age,,,or after 10 years if you reach age 50. Your years of service are muliplied by 3%. There are no health benefits if you were hired after I think 1990....the employee contributes 8% of wages the city around 23%...the cities contribution changes depending on how the market goes,,they have to keep the pension funded to a certain percent.....hope that helps
Powered by vBulletin® Version 4.2.3 Copyright © 2024 vBulletin Solutions, Inc. All rights reserved.