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DumbshitOnTheRight t1_isd5b6s wrote

After ten years the pension is 25% of your highest five consecutive earning years. This can go up to 90% with 30+ years in service.

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hemingwai t1_isd5mf6 wrote

That is completely wrong.

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DumbshitOnTheRight t1_isd64g5 wrote

I can check the documents I got from the union in the last two weeks; I'll grant it depends on the union and job scope.

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hemingwai t1_isd6f11 wrote

No, it doesnt. Massachusetts State Retirement is not a union benefit, its overseen by the pension management board and the city/town retirement board. Exempt and union employees use the same formulas.

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DumbshitOnTheRight t1_isd71bq wrote

I didn't say it was a union benefit. Which job (office worker, health care, state police, etc.) absolutely plays into the benefit determination.

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hemingwai t1_isd79ll wrote

Nobody gets 90%, and nothibg is based on 5 years. Dont give people bad financial information if you dont know what youre talking about.

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modernhomeowner t1_isez9p9 wrote

Benefits for those entering service after April 2012 is based on your highest 60-month pay (5 years).

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