Recent content by wkoukios

The two of us have enjoyed Motorhome travel very much. We just upgraded to a luxury coach and plan to travel even more! Not what I planned but we fell into it!

Day 2 starts today, I took so much time off while working this just feels like another vacation. But I am officially unemployed!

I have been extensively researching this exact same issue. My findings are that BCBS and others have been leaving the private market completely in many states and in states like IL, the network in the private plans has been slashed to a much smaller size along with huge premium increases...

54% funded.

Very good points all of them. You can see why I'm unsure what to do. It's a Illinois Firefighter pension so it is within control of a corrupt, bankrupt state. That is another issue entirely. With businesses and people of means leaving in droves, betting on Illinois is not prudent either.

I have been struggling with the math for a similar situation. I can buy up to 24 months of service. Each year adds 2.5 % to my pension. The pension has a 3% cola. Salary pension is based on is 100k, so that math is easy. The hard math is it cost 41k per year so for 82k for two years Of credits...

June 3rd, 2016 here!

The deal in Illinois is similar except for one BIG difference. The applicant must pay 7% compounded interest per year until at current years of service. With 25 years, compounding is not my friend!

Thanks for all the great input. We are not likely to make the purchase. For many reasons, the biggest being Illinois is bankrupt and it's future is in doubt with all the people of means leaving. I see so few Illinois Lic plates on the cars in the driveways of luxury homes. Even if they have not...

I am 53 and will retire next year. The ability to purchase 2 years is because I can purchase up to 2 years active duty military service. Thanks

Hello everyone, I have been browsing around this forum and have picked up many tips from all of you. Here is my multiple faceted dilemma. I have the ability to purchase 2 additional years of pension benefits for aprox $80,000. The benefit increase from the 2 additional years will increase...