suprleg
Abracadabra
Premium
join:2004-05-06
Garden Grove, CA
clubs:  | reply to ghostpainter
Re: State IOUs...Who will get them on Thursday....
Until comprehensive "Retirement Reform" is enacted, there will never be a balanced budget. Ninety percent of ones total wages/benefits in retirement, let's get real....jmo |
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ghostpainter
I Write for the Apocalypse
Premium,MVM
join:2002-05-25
Rancho Cucamonga, CA
clubs:
| Somehow I dont think that my retirement payment equals that much against what I earned. I made an average of $70,000 the last three years I worked and I make a little over a $1,000 now on SS.
SS uses a point system for retirees unless you get sick when you are young, then a different formula is used. It just so happened that when I got sick I had 54 points so I was able to Retire out right instead of on disability which makes a big difference when you approach 65.
For those who receive SSI, the portion that is paid by the state will be covered by the Feds.
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»www.insidetheie.com/
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Why is it that people who never pay attention to the weather are always the first to complain.
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sholling
Premium
join:2002-02-13
Hemet, CA
| said by ghostpainter  :Somehow I dont think that my retirement payment equals that much against what I earned. I think he's referring to the state employees retiring after 30 years at 90-94% of final pay.
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"Government is the great fiction, through which everybody endeavors to live at the expense of everybody else."
--FREDERIC BASTIAT-- |
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