Message #256875

[gary fuller]

sorry ya gotta work and miss huntin. im curious on a tax on retirement. is it a true tax on what you pay into your pension or did you have to start paying more towards your retirement? i know here in the town i worked for the police and fire get 3 percent of their highest years earning times their years of service and full retirement age is 50. i do know that from now on any new hires will be at 3 percent at 55. one of my friends/ neighbors  is getting ready to retire as a highway patrol sargeant and he will turn 52 and have 30 years in so he will get 90 percent of his pay as his retirement for life. i worked for the parks department for over 35 years and we got 2 percent at 55. so i retired last year with over 70 percent of my pay which with cutbacks and furlough days, i take home the same as if working. i loose my insurance next year but luckily my wife has great insurance at  her work which for now is free for us both.