Bill

- show quoted text -

"A bunch in California. Â*They get 3% per year of service of their last yearsÂ*
salary. Â*Unfortunately the public service people spike their last yearsÂ*
income. Â* Do not take vacation for 5 years, add that to the final yearsÂ*
income, add all the overtime possible, any unpaid sick leave. Â*Any privateÂ*
company defined pension plan goes either on an average of the last 5 years,Â*
or excludes unpaid vacation and overtime and sick leave."Â*


Say what?
We didn't get to add overtime, vacation pay or anything else to boost up the average of the last 5 years salary when calculating our pension...just 2 percent per year of Service of that last average five years salary. That is...70 percent was the highest for 35 years or more of Service.