Retirement
Results 1 to 9 of 9
 

Thread: Retirement

  1. #1
    Guest

    Retirement

    How about this to lower the 12.8% we pay for our retirement.

    Combine the Police & Fire retirements.

    The Fire gets a 2% Cola and keep their contribution at its current level or pay maybe 1-2% more.

    The Police get a reduction in their 12.8% contribution to a lower level.

    No clue if combining the retirements will actually lower our contribution, a actuarial study will have to be done to see what a merger offers.

    We both win if it lowers our contribution.

  2. #2
    Guest

    Re: Retirement

    How many years do you guys have to work and whats the % you get. 12 % a check sounds like highway robbery!

  3. #3
    Guest

    Re: Retirement

    QUIT WHINNING YOUR 12.8% IS NOTHING COMPAIRED TO THE 3.5 PER YEAR YOU WILL EARN IN YOUR RETIREMENT PLUS A COLA WHEN IT CLIMBS. THAT'S THE WAY IT WORKS LIVE WITH IT AND MOVE ON.....................

  4. #4
    Guest

    Re: Retirement

    Quote Originally Posted by THE SHIELD
    QUIT WHINNING YOUR 12.8% IS NOTHING COMPAIRED TO THE 3.5 PER YEAR YOU WILL EARN IN YOUR RETIREMENT PLUS A COLA WHEN IT CLIMBS. THAT'S THE WAY IT WORKS LIVE WITH IT AND MOVE ON.....................
    The Shield, your an a$$hole.

  5. #5
    Unregistered
    Guest
    ~12-13% is in line with the FRS which collects 3% from employees and 11% from employers to fund the pension. SPPD has a similar pension structure. There is no free lunch so if you want the pension contribution reduced the pension has to be reduced as well.

  6. #6
    Unregistered
    Guest
    Just in case nobody noticed, the stock market is down big time and likely to go down even further. Don't be surprised if we have to pay more towards the pension to offset the stock market losses.

    https://www.foxnews.com/politics/cor...ounties-states

    Don't expect any raises for a few years either because tax revenues will be lower too. Buckle up folks because it is going
    to be a rough ride.

  7. #7
    Unregistered
    Guest
    Quote Originally Posted by Unregistered View Post
    Just in case nobody noticed, the stock market is down big time and likely to go down even further. Don't be surprised if we have to pay more towards the pension to offset the stock market losses.

    https://www.foxnews.com/politics/cor...ounties-states

    Don't expect any raises for a few years either because tax revenues will be lower too. Buckle up folks because it is going
    to be a rough ride.
    The stock market is back to the level it was in January.

  8. #8
    Unregistered
    Guest
    Quote Originally Posted by Unregistered View Post
    Just in case nobody noticed, the stock market is down big time and likely to go down even further. Don't be surprised if we have to pay more towards the pension to offset the stock market losses.

    https://www.foxnews.com/politics/cor...ounties-states

    Don't expect any raises for a few years either because tax revenues will be lower too. Buckle up folks because it is going
    to be a rough ride.
    How about you give up that 12% and go somewhere else and make more money? That low crime rate equals higher contribuitions and a worst pension sooooo then theres that.....

  9. #9
    Unregistered
    Guest
    The good news is that you have a pension, the bad news is there are quite a few agencies around with a much sweeter deal and a lot more money. BUT you have a smaller department with a lower crime rate so its not that bad.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •