sorry ya gotta work and miss huntin. im curious on a tax on retirement. is it a true tax on what you pay into your pension or did you have to start paying more towards your retirement? i know here in the town i worked for the police and fire get 3 percent of their highest years earning times their years of service and full retirement age is 50. i do know that from now on any new hires will be at 3 percent at 55. one of my friends/ neighbors is getting ready to retire as a highway patrol sargeant and he will turn 52 and have 30 years in so he will get 90 percent of his pay as his retirement for life. i worked for the parks department for over 35 years and we got 2 percent at 55. so i retired last year with over 70 percent of my pay which with cutbacks and furlough days, i take home the same as if working. i loose my insurance next year but luckily my wife has great insurance at her work which for now is free for us both.
Gary are you in Fl? Thats exactly how it used to work, but they changed it (mostly fo new hires) but now everyone in the FRS is paying three percent no matter what they were paying before. the part i dont get is this, The FRS is the ONLY state retirement system in the Nation that is self sufficiant and MAKING MONEY! True the employers were paying into the retirement for their emloyees (no matter if you contributed or not) so i can see where the Governor would want to cut Govt spending there, however if the system is making the state millions every year why change it? The flip side is not eh Govt employers have extra $$$$$ left int heir budget which was budgeted for retirement but no one is seeing a raise.. Wonder where the extra $$ is going??
Gotta admit this thread did kindda get away from what i was trying to say. the situation i am in is better than alot of people out there, and for that i am grateful.. I was just whining about not getting to hunt last night..
