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To: Voption

It would be nice if either this article or its linked one had some hard numbers. For example, how much would it cost a $100k employee with 25 years of service and 50 years old buy up 30 years and how much more per year would he get as retirement payments?


2 posted on 03/24/2018 7:21:28 AM PDT by KarlInOhio (I can't tell if we live in an Erostocracy (rule by sex) or an Eristocracy (rule by strife and chaos))
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To: KarlInOhio

https://www.calstrs.com/post/purchasing-service-credit

Here is the schedule, pretty outrageous!


3 posted on 03/24/2018 7:28:09 AM PDT by eyeamok (Tolerance: The virtue of having a belief in Nothing!)
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To: KarlInOhio

Well, if it’s sane, then the amount he’d have to buy would give years of contributions (which would still need adjustment for npv). Pensions are typically based on a 6% rate of return or so, so it’s probably a net gain to the state is they do this.


4 posted on 03/24/2018 7:28:49 AM PDT by Still Thinking (Freedom is NOT a loophole!)
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