Originally Posted by devildog2067
7% for 30 years is not unreasonable--to fund benefits which are not inflation adjusted and are based on this year's salary.
But every pension system I've seen bases your pension on the last few years' salary--i.e., the highest possible ones--and gives increases in benefits for inflation.
7% is not unreasonable--but 7% above inflation is.
Texas Municipal Retirement System does NOT base pension on the last few years salary. If they did, my pension would more than double.
I'm not as think as you drunk I am.
Last edited by Clutch Cargo; 10-06-2012 at 00:16..