Submitted by pninardor t3_y493ve in massachusetts
DumbshitOnTheRight t1_isd64g5 wrote
Reply to comment by hemingwai in Pension for MA employees by pninardor
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.
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.
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.
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.
modernhomeowner t1_isez9p9 wrote
Benefits for those entering service after April 2012 is based on your highest 60-month pay (5 years).
hemingwai t1_isf4mrb wrote
Sucks for them.
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