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To: elpadre

Does this include tens of hundreds of thousand of government employees retiring at 50 years old with top self tax paid health care and those tax paid lottery style retirement benefits?


27 posted on 07/09/2012 8:43:57 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: dragnet2

That would not be the federal government employee now would it? Millions retiring at 50? LoL.


42 posted on 07/09/2012 10:53:22 PM PDT by arrogantsob (Obama must Go.)
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To: dragnet2
Depends on which government ~ California and Michigan and Illinois have quite munificent state and local government retirement plans.

If you retire at 50 as a federal employee, and were hired in at the average age of 35 ~ that would mean you would have 15% of your high three average years salary. This would be discounted 2% per year for every year under 56. So that would be a 12% trim job on your 15%, leaving you with 3% of your high 3 annual salary.

Let's say that salary was $75,000 per annum. Your 3% retirement would amount to $2,250 per annum!

I know there are folks in this world who'd be happy to get that amount but Freepers?

50 posted on 07/10/2012 6:26:55 AM PDT by muawiyah
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