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<blockquote data-quote="Catatonic" data-source="post: 1108238" data-attributes="member: 7966"><p>Last year was above average for MIP ... this year (1.4) was only a little less than average.</p><p></p><p>As for the calculations on the retirement calculator, you can believe what you want. I personally am tired of endless posts about it.</p><p>I just pull out my Excel spreadsheet and the numbers are what they are.</p><p>And I would like to correct myself.</p><p>Retiring at 55 with 35 years of service versus 60 with 35 years of service is over $2000 per month difference.</p><p>Staying a year extra in this range = $457/month.</p><p>Those are actual numbers taken from the calculator with 0% salary increase and "Joint & 100% Survivor".</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1108238, member: 7966"] Last year was above average for MIP ... this year (1.4) was only a little less than average. As for the calculations on the retirement calculator, you can believe what you want. I personally am tired of endless posts about it. I just pull out my Excel spreadsheet and the numbers are what they are. And I would like to correct myself. Retiring at 55 with 35 years of service versus 60 with 35 years of service is over $2000 per month difference. Staying a year extra in this range = $457/month. Those are actual numbers taken from the calculator with 0% salary increase and "Joint & 100% Survivor". [/QUOTE]
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