rance56
UKC Forum Member
Registered: Jun 2003
Location: Jacksonville FL
Posts: 4046 |
quote: Originally posted by rrs
Rance,
You do have some information correct, tax dollars do support my pensions, but the legislature has never funded as required by law... You may not like to hear this, but I retired under an early retirement option for educators at age 52, had 30 yrs. of service and was given 5 to go early, I pd. in what was lacking to compensate for this option, I also collect social security and have medicare, but lost 60% of what I was eligible for because was in education in a state that does not have that for educators, I also collect university systems annuity, but it is locked at a fixed amt., I started collecting ss and university systems at age 62, I pay for medicare part B and for supplemental coverage through teacher retirement. I also still teach 2 or 3 college classes a semester. No doubt that there are things that need to be controlled and managed correctly in public as well as private pensions. I was able to collect early, but my pension would have been much greater if I waited until age 65, but have collected quite a few years before that time, no complaints here. Is the amt. that your employer contributes to your 401k taxable... Glad to hear that you are preparing for the future and not depending on a pension that may not exist, do not believe that will happen to me do to age... Good luck, you are doing it the right way....
Ron if I was in ur position I would take advantage of everything available to me to fullest but I would also accept change when it came. What I do have a problem with is the govt employees n Florida up n arms over having to contribute a medley 3 percent to their retirement. Heck the state is alreafy funding all their retirement an taking on all the investment risk An what I'll have a huge issue with is if I have to bailout your kush retirement plan with my tax payer dollars. Especially if it's for a state I don't even live in
I ask u r u going to expect taxpayers to bailout your pension plan if the money ends up running out?
__________________
the oldest ride in the park, but still the longest line.
Report this post to a moderator | IP: Logged
|