kyounge1956
Thinks s/he gets paid by the post
- Joined
- Sep 11, 2008
- Messages
- 2,171
I'm fed up it with the bashing of public employees that recurs periodically on this list—this thread is a recent example. An example of public employee pension is cited from some news story or other, then generalized to put all government employees in a bad light. There is never any data presented to show that the individual described is typical of public employees, and frankly, I don't think they are. This is the first of a series of polls to get a cross section of the public employees here at E-R.
Please don't vote in this poll unless you are currently working, or have worked in the past, for local, state or federal government (including military).
The question for the first poll is: What is the maximum percentage of base salary paid as a pension benefit by the pension system you are or were a member of? Add an explanatory comment if you like. (We'll look at what's included in "base salary" later on.)
For example, I work for the City of Seattle. According to the employee handbook, SCERS (the Seattle City Employees' Retirement System) pays up to 60% of the average of the highest 24 months. I've heard that employees with well above 30 years of service can receive more than 60%, I think if the actuarial value of their accumulated contributions and interest is greater than the pension amount determined by age and years of service. I haven't been able to find any published information on this higher benefit amount, and one employee has showed me a letter from SCERS which if taken at face value, indicates that after this December 31st, those higher benefits will no longer be available. So I'm putting 60% as the maximum for my system.
Please don't vote in this poll unless you are currently working, or have worked in the past, for local, state or federal government (including military).
The question for the first poll is: What is the maximum percentage of base salary paid as a pension benefit by the pension system you are or were a member of? Add an explanatory comment if you like. (We'll look at what's included in "base salary" later on.)
For example, I work for the City of Seattle. According to the employee handbook, SCERS (the Seattle City Employees' Retirement System) pays up to 60% of the average of the highest 24 months. I've heard that employees with well above 30 years of service can receive more than 60%, I think if the actuarial value of their accumulated contributions and interest is greater than the pension amount determined by age and years of service. I haven't been able to find any published information on this higher benefit amount, and one employee has showed me a letter from SCERS which if taken at face value, indicates that after this December 31st, those higher benefits will no longer be available. So I'm putting 60% as the maximum for my system.