- This topic has 75 replies, 10 voices, and was last updated 14 years, 1 month ago by
Eugene.
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October 26, 2010 at 11:24 PM #623067October 27, 2010 at 5:35 AM #623880
joec
ParticipantIt’s really nice that they finally posted this.
What’s interesting is that you have folks in France rioting about raising their retirement age to 62 and I see a ton of these pensions (I assume) start paying at age 55?
October 27, 2010 at 5:35 AM #623107joec
ParticipantIt’s really nice that they finally posted this.
What’s interesting is that you have folks in France rioting about raising their retirement age to 62 and I see a ton of these pensions (I assume) start paying at age 55?
October 27, 2010 at 5:35 AM #623753joec
ParticipantIt’s really nice that they finally posted this.
What’s interesting is that you have folks in France rioting about raising their retirement age to 62 and I see a ton of these pensions (I assume) start paying at age 55?
October 27, 2010 at 5:35 AM #623191joec
ParticipantIt’s really nice that they finally posted this.
What’s interesting is that you have folks in France rioting about raising their retirement age to 62 and I see a ton of these pensions (I assume) start paying at age 55?
October 27, 2010 at 5:35 AM #624197joec
ParticipantIt’s really nice that they finally posted this.
What’s interesting is that you have folks in France rioting about raising their retirement age to 62 and I see a ton of these pensions (I assume) start paying at age 55?
October 27, 2010 at 6:28 AM #623890no_such_reality
ParticipantYep, at 55, figured at 3% a year of their highest years wages less some things. So when you look at that firefighter with a $140,000 a year in income, how much of that qualifies for the 3% a year. If they retire at 55 having started at 25, that’s 90%. 90% of $140,000 is $126,000/yr. At 55, CalPers says they’ll live to 87 based on current retirees. That’s another 32 years…
October 27, 2010 at 6:28 AM #623201no_such_reality
ParticipantYep, at 55, figured at 3% a year of their highest years wages less some things. So when you look at that firefighter with a $140,000 a year in income, how much of that qualifies for the 3% a year. If they retire at 55 having started at 25, that’s 90%. 90% of $140,000 is $126,000/yr. At 55, CalPers says they’ll live to 87 based on current retirees. That’s another 32 years…
October 27, 2010 at 6:28 AM #623117no_such_reality
ParticipantYep, at 55, figured at 3% a year of their highest years wages less some things. So when you look at that firefighter with a $140,000 a year in income, how much of that qualifies for the 3% a year. If they retire at 55 having started at 25, that’s 90%. 90% of $140,000 is $126,000/yr. At 55, CalPers says they’ll live to 87 based on current retirees. That’s another 32 years…
October 27, 2010 at 6:28 AM #623763no_such_reality
ParticipantYep, at 55, figured at 3% a year of their highest years wages less some things. So when you look at that firefighter with a $140,000 a year in income, how much of that qualifies for the 3% a year. If they retire at 55 having started at 25, that’s 90%. 90% of $140,000 is $126,000/yr. At 55, CalPers says they’ll live to 87 based on current retirees. That’s another 32 years…
October 27, 2010 at 6:28 AM #624207no_such_reality
ParticipantYep, at 55, figured at 3% a year of their highest years wages less some things. So when you look at that firefighter with a $140,000 a year in income, how much of that qualifies for the 3% a year. If they retire at 55 having started at 25, that’s 90%. 90% of $140,000 is $126,000/yr. At 55, CalPers says they’ll live to 87 based on current retirees. That’s another 32 years…
October 27, 2010 at 8:16 AM #623236EconProf
ParticipantThe gap between public employees’ pay and that of similar positions in the private sector has been growing during this great recession. Public employee pay has on average been growing, albeit at slower pace lately, while private sector comparables have seen their pay and hours cut, thus widening the gap. Most data showing this actually understate the trend, since there is a time lag to the reported numbers. In addition, absolute numbers of private employees have shrunk during the recession, while the number of public employees has grown, despite the occassional ballyhooed layoff of teachers, cops, and firefighters.
October 27, 2010 at 8:16 AM #623925EconProf
ParticipantThe gap between public employees’ pay and that of similar positions in the private sector has been growing during this great recession. Public employee pay has on average been growing, albeit at slower pace lately, while private sector comparables have seen their pay and hours cut, thus widening the gap. Most data showing this actually understate the trend, since there is a time lag to the reported numbers. In addition, absolute numbers of private employees have shrunk during the recession, while the number of public employees has grown, despite the occassional ballyhooed layoff of teachers, cops, and firefighters.
October 27, 2010 at 8:16 AM #623152EconProf
ParticipantThe gap between public employees’ pay and that of similar positions in the private sector has been growing during this great recession. Public employee pay has on average been growing, albeit at slower pace lately, while private sector comparables have seen their pay and hours cut, thus widening the gap. Most data showing this actually understate the trend, since there is a time lag to the reported numbers. In addition, absolute numbers of private employees have shrunk during the recession, while the number of public employees has grown, despite the occassional ballyhooed layoff of teachers, cops, and firefighters.
October 27, 2010 at 8:16 AM #624242EconProf
ParticipantThe gap between public employees’ pay and that of similar positions in the private sector has been growing during this great recession. Public employee pay has on average been growing, albeit at slower pace lately, while private sector comparables have seen their pay and hours cut, thus widening the gap. Most data showing this actually understate the trend, since there is a time lag to the reported numbers. In addition, absolute numbers of private employees have shrunk during the recession, while the number of public employees has grown, despite the occassional ballyhooed layoff of teachers, cops, and firefighters.
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