brownlif23
Member
I HEARD upstate NEW YORK IS DOING AWAY WITH WITH 25 AND 30 OUT. IT WILL BE GONE by end of this year.. due too under funded plans in the red zone. i wonder if the rest of the country will cut back. i am in the western conf plan...
I HEARD NEW YORK IS DOING AWAY WITH WITH 25 AND 30 OUT. IT WILL BE GONE by end of this year.. due too under funded plans i wonder if the rest of the country will cut back. i am in the western conf plan...
how good is your new plan???
According to Article 34, 25yrs any age=$200025yrs any age=$2500
30ys any age=$3000
I HEARD upstate NEW YORK IS DOING AWAY WITH WITH 25 AND 30 OUT. IT WILL BE GONE by end of this year.. due too under funded plans in the red zone. i wonder if the rest of the country will cut back. i am in the western conf plan...
We had 30 and out for a long time but it was amended about 5 yrs. ago to a min. age of 57. We had a bunch of guys that are gonna have to put in more years now but they will get more $$$.
Are you sure about that last part?
Yes....because they get credit for working more years. Instead of retiring at 52 with 30 yrs....they will be 57 with 35 yrs....they will get more $$. They have to work longer but at least they are earnong something....do not get me wrong....nobody was too happy.
every year you work over 30 you earn 100 dollars a month over the 4k with a max of 4500 a month. at least that is the new england pension.
every year you work over 30 you earn 100 dollars a month over the 4k with a max of 4500 a month. at least that is the new england pension.
Working 5 extra years for an extra $6K/year ($54K instead of $48K (before taxes)) would make me sit back and think about it for a minute. OK, I'm done---I'm gone at 30.
Instead of retiring at 52 with 30 yrs....they will be 57 with 35 yrs....they will get more $$.
I can't see how you don't get more money....you get the money according to your age and time....at least in NEThat is exactly my situation, although the rumors I've heard is that the 5 extra years I work to get to 57 won't get me any more money which I hope isn't true. But if thats the case it sucks that we who started young get shafted in the end. I heard a lot of talk about losing a percentaage fothey leaving before the age they establish even if over 30 years in. Also for guys who don't make it to 30 and reach 57 and want out will lose a hefty percentage per year they are under 30.
The maximum is $4,700.every year you work over 30 you earn 100 dollars a month over the 4k with a max of 4500 a month. at least that is the new england pension.