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Old 10-06-2012, 00:15   #39
Clutch Cargo
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Join Date: Nov 2010
Location: DFW
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Quote:
Originally Posted by devildog2067 View Post
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.
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Last edited by Clutch Cargo; 10-06-2012 at 00:16..
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