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Author: ferjen Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 72499  
Subject: Re: Retirement savings benchmark Date: 1/21/2013 9:45 AM
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Most defined benefit pension plans are designed to pay 70 to 80% of gross pay after deducting full retirement Social Security payments usually after 30 years service.

Small pension usually means you retired early or with less than 30 yrs service.

In Florida, 48% max. after working 30 years min....and no COLA...
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