Do you also get health benefits in retirement? I so, that is a HUGE cost.
By my calculations, if you retired in 2028 making $60K you would be getting $42K per year in retirement benefits, equal to 70% of your pay. Is this correct? If so, that is something to brag about. I wish that my job would pay me 70% of my pay in retirement.
Rich off of Tax Money, Right My neighbor & good friend Retired as the Chief of Police (Population 2500) with 28 years of service. His PERF Pension Check is 200 Dollars per Month with No Benefits. He's 67 years old and works every day to get by.
I hardly feel that is appropriate or stealing the Tax Payer Dollar