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Ms. Toad

(38,813 posts)
13. I've always been glad that my state fought to retain its system.
Sun Feb 11, 2018, 07:22 PM
Feb 2018

It's one of the few places you can get a defined benefit pension plan.

I had to wade through it in detail 4 years ago when I had the opportunity to move back into the system (at a 2/3 pay cut). It was the benefit of doubling my average base salary (the basis for the defined benefit) that made the decision.

Best decision ever!! Money is a bit tight - but I absolutely love what I am doing. And pretty much every income penny I forfeited will come back as retirement pay - if I live as long as my parents. And far better than I would get from Social Security.

I don't think I've seen your story about why you won't be around for retirement. Sorry!

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