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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Op - yes I logged into my online pension account and that is what it says $5700 per month at retirement age. I will have been with my state agency for 30 years if I stay til 57. [/quote] That’s a good pension payout. Better than fed system. Hope your state govt can deliver on their promises [/quote] Op - I think the payout is based on my new salary of $130,000 not my old salary of $65,000 I have no plans on leaving so the calculator seems accurate if I stay until 57/58 years old. Presumably my salary will go up in the next 18 years even if it’s just cost of living adjustment. [/quote] As a comparison I think my pension at 62 is about that amount. Based on 38 years in fed system at 183500 salary. You can see your numbers are much better than mine[/quote] Op here - I see what you are saying. Yes my payment is good. I think my state is solvent and will be able to pay out. I am lucky to have this pension plan. It has changed over the years and the newer one isn’t as good. I have been with my state agency going on 13 years, so I have a better plan. [/quote]
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