Pension
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Thread: Pension

  1. #1
    Guest

    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.......

  2. #2
    Guest
    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

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