Message #257091

[gary fuller]

im in california and am in the state employees retirement system. i had the chance to switch from our city retirement plan to the calpers plan in jan of 2010. the city plan was 2 percent at 60 but we had a lump sum option which was always a good thing untill the market took such big hits. the wife and i looked at the options and found it was best in my case to go to calpers so i did. the city had held back our raises for several years  and we were also on a day off without pay every 2 weeks and under the cal pers paln my retirement would be calcualted on  40 hour weeks without a furlough. so bein as i could walk out with 70 plus percent of my pay and the 2 years insurance at 55 i ran like a scaled cat 3 days after my 55th birthday in april of 2010. as long as the state doesnt go bankrupt i made the right decision.i do count myself as very lucky in this economy i know that.  i made a bad decision last night though... i went and played poker and lost about 150 bucks and my huntin partner went and caught a 250 pound boar in the same place we caught a 140 pounder last saturday.