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I have slightly more than 21 weeks of paid leave time (not counting sick time) that I can use to get me to my retirement date of 6/30/13. So my last day at work will be 1/30/13. Looking forward to moving from Texas to Las Vegas in March and spending my days playing poker and golf :) Being an...

Current age: 47 Retirement age: 48 Total years : 25 Pension: yes...public with a yearly 2% COLA. Paid medical for life. My ex gets zero dollars...bought her out years ago :) No SS though.

Your benefits are protected by the Texas State Constitution. The City of Dallas may not reduce or impair your benefits if you are retired or vested in the fund. An AG opinion I read indicates this also includes how your future service is credited. The case involved the City of Fort Worth wanting...

Wow! Hard to believe it has already been almost 2 1/2 years since I posted this. Only 2 years and 8 months to go :) As my retirement date approaches, I am reconsidering entering our DROP program. If I did the full 5 years I would only be 53, but would have approximately $600,000 in cash...

Article 16, Section 66 of the Texas State Constitution is titled "Protected Benefits Under Certain Public Retirement Systems." Was passed about 4 or 5 years ago. Applies only to systems that are NOT statewide systems. (e) Benefits granted to a retiree or other annuitant before the effective...

Hey thanks for the comments everyone!! Been away from my computer the past few days so I have some catching up to do. First, Texas does not have a state law affecting how much municipal employees can be paid for their accrued sick and vacation time upon retirement. Each city/county can...

Hi all! I'm a 43 year old public employee with 20 years on the job. As we have a 25 year retirement at 3% per I have 5 more years to draw 75% for life...with a 2% simple interest COLA. The way it looks my pension will be about $75,000 per year, with a $1,500 yearly COLA. Additionally, I have...

I'm a 20 year public employee for a local gov't in Texas. A few years ago the state legislature passed a constitutional amendment protecting pensions for vested or retired public employees. It lists the items which are not benefits (health insurance, disability benefits) and everything else is...