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We Earned It The Old Fashioned Way ...
Quote:
Originally Posted by fullor30
Retire on 80% of that with guaranteed 3% increase every year.
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Maximum 70%, based on a formula combining age, service and the average of the highest three years of paid salary, here in Connecticut, with no Social Security benefits based on my teaching career, and I paid 7.25% of my salary into the retirement fund every year for almost thirty-five years. I had absolutely no control over how my money that I contributed into my pension fund was invested. It's not a "guaranteed 3% increase every year", is a cost of living adjustment based on the annual inflation rate, with no increase two of the past four years.
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"For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life." (John 3:16)
“I was in prison and you came to visit me.” (Matthew 25:36)
Last edited by BillyMac; Sun Mar 03, 2013 at 04:03pm.
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