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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Fed pensions are irrelevant these days. Local county and school system pensions are lucrative - but most are getting diluted. I know a school administrator who just retired with a $145k annual pension with an annual COLA indexed to CPI rate. [/quote] Which state?[/quote] Most of your local county governments and school districts in the DC area still pay out 75% of final 3-years pay (with 25 to 30 years of service credit). You can check on the websites, etc. My understanding is that such defined benefit plans (pensions) are on their way out as well. [/quote]
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