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RE: Sustaining Stability
We have some kind of equation too with a multiplier and all of that, but I don't think it matters once I hit 30 years. After that it is just the base number that changes, not the percentage. 6% is trash. I about had a fit when my wife got a new car and that was the best they could give us. The lady acted like she was doing us a favor, I told her she was smoking crack.
0.00000000 BEE
Our multiplier is simple 2% for every year of service. At 62 I can retire with no benefit reductions since I would have over 30 years of service... We have to contribute to this plan and we don't even control the rate at which we contribute:
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