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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (9034)	5/17/2011 9:08:20 AM
From: alanrs	Read Replies (1) \| Respond to of 34328

13.39 years of annual payments in a lump sum Unlikely that the annual payments are anywhere near salary in a private pension. ARS

To: Elroy who wrote (9034)	5/17/2011 9:45:27 AM
From: Steve Felix	Respond to of 34328

Since I never had one, her pension seems good to me, but definitely not one of the best like our local teachers have. Hers requires 55 and twenty years of service, but I believe they vary greatly. Avg. last 5 year salary X years of service X .0125% ( the county has reduced this for new hires to .01% ) You can take a lump sum, but not the full amount. Of course you get a greatly reduced benefit. Last years estimate showed roughly 295k, her and the counties contributions, plus excess interest, paying 22k annually. After one full year: 295k - 22k = 273k to be paid if she dies and so on.