[Mouton]

OK, we know the actual salaries, what is the proposed pensions based upon these average salaries?

[ken5050]

FYI...They are DB plans...they're usually calculated as a percentage of FAS ( final average salary)..about 1/5 -2% x years of service.

Thus, a teacher who retires after 30 years with an FAS of $80,000..and assuming a 2% per year factor, would get a pension of 30 x 2 = 60% of 80,000, or $48/k per year...$4k per month