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Montgomery County Public Schools (MCPS)
Reply to "Are teachers the new millionaires?"
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[quote=Anonymous][quote=Anonymous]Too bad the writer failed to mention that Feds hired after 1984(?)do not get nearly as generous a pension..mostly a 401k like the private sector..and they can no longer retire at 55.[/quote] That's not true - although we aren't looking forward to 75-80% salary for life after retirement (but no social security), we will get about 30%+ salary for life plus social security and our 401k (thrift plan technically). And we can retire at 56 I thought (with 20 years of service) . . . PLUS, we won't have to wait until 80 or 90 to collect social security - we can start collecting at 60 if we work till then while everyone else is waiting until they are in a nursing home to collect (or just dead).[/quote]
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