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by genwin
5042 days ago
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> Meanwhile, a 50 yo who retires with 25 years of service gets 25% of the average of their top three year's salaries as an annual pension. Good info. I believe that would still put the 50 yo at > $100K annually on average during their working years, considering the cost of the equivalent annuity. (The price of an annuity increases exponentially as age at purchase decreases. In retirement they also get health insurance worth over $12K annually.) For the ones with 35 years of service it would top $150K. |
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