Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Short answer is my magic number is 14 years and 7 months. That's when I'll have exactly 20 years on my job and I'm eligible for early retirement. Since I'm in the process of buying 4 more years of military time that will count towards my pension, I should get a pension for 24 years of service, which is very close to the full retirement pension of 25 years.

Whoops, one other thing I forgot to mention in my previous post is that after 20 years on the job, we also get what's called the law enforcement supplement which is currently about $9,000 a year on top of our pension. This supplement will be paid until such a time that we start drawing Social Security.

Since Social Security, along with all of my possible defined pension plans are subject to change, I'll keep plugging away with my savings and investments.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement