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[quote=Anonymous][quote=Anonymous][quote=Anonymous]That is the old plan - I will make 30% of my salary after 30 years in the govt. - Feel better now?[/quote] Is that how a pension works? I'm only familiar with 401(k)s where I contribute. How much do you contribute to your retirement to get 30% post retirement?[/quote] I also contribute to a 401K because 30% of my salary would not be enough to live. I pay about $1000/year. What I really do for the pension is work for less than I could make in private industry. It would be 10% if I worked 10 years, 20% for 20 years, 30% for 30 years (which is my plan), BTW. [/quote]
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