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Most pensions are not purely free money. Employees are usually required to contribute a nontrivial fraction of their nominal salary towards the pension. For SFU
by jltsiren 1y ago
Most pensions are not purely free money. Employees are usually required to contribute a nontrivial fraction of their nominal salary towards the pension. For SFUSD, the typical rate seems to be 9%.
- rahimnathwani 1y agoYeah, I think they pay about a third of the total contributions. But the state also steps in to pay for any shortfalls. So I think effectively pay less than a third of total contributions.