5. Do it. I bought back some military service time
And I did it just before I retired. It's all paid off now and I've gotten more back than I put in in just 8 years. The chance that your fund will go under is small compapred to the upside potential.
3. There's much less reason for them to worry than private sector retirees.
Corporations have been chipping away for years at pensions and retiree medical for most employees, while loading up on them for senior executives. And there has been some erosion of public employee benefits. But prospects for a decent pension remains one of the best reasons to go into a government career.
will be the next excuse for a significant increase in my real property taxes.
When it happens, I'm dumping my house at a fire sale price. Someone else can assume that liability. That is a liability for which the government should already have set aside funds - and hasn't.
Those real property taxes have gone up over 30% in the last 12 months and are expected to significantly increase again this year. The funds are being used to build a convention center, a sports stadium and to do major street repairs necessitated by ecades of government negligence in street mainteance. Renatal properties here are overbuilt so while everyone "enjoys" the benefits only the property owners bear the burden of their expense. Rental rates have not been impacted. I can rent a one bedroom apartment here for the same cost as I did about a decade ago.
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