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This pretty easy if you start off with a public sector job right after school. Go work a government job for 20 years and rock that sweet pension.
by ryuker16 10y ago
This pretty easy if you start off with a public sector job right after school.
Go work a government job for 20 years and rock that sweet pension.
- dragonwriter 10y agoThis works in the military and some public safety positions, but most civilian public pensions, while they might (e.g.) vest retiree health benefits after 20 years regardless of age, have a minimum age to start drawing benefits, and an even later age to draw maximum benefits. For example, one common California state (and local) arrangement, the CalPERS "2% at 55" formula, gives 1.1% × (highest annual salary) × (years of service) at 50, 2% at 55 (hence the name) and 2.5% at 63, but below 50 you aren't eligible to retire.