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Reply to "What's so great about a pension?"
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[quote=Anonymous]My dad retired from the state police 20 years ago on a $100K a year salary. At the time he received a pension that was $60K a year and has gotten 2-3% COLA increases most years since then. I'm not sure how much he is getting now. If he dies before my mother, she gets some reduced amount of that (maybe half) for the rest of her life. They also both get Cadillac health and dental insurance for life. Seems like a good deal to me.[/quote]
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