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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.

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