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December Greetings, Merry Christmas
+3
Claymore
joecool
Mark Jones
7 posters
Page 7 of 7
Page 7 of 7 • 1, 2, 3, 4, 5, 6, 7
Re: December Greetings, Merry Christmas
And yes, I HAD to go onto Social Security.
My Police Pension was "Front Loaded".
That means that from the time that I retired from the Department, they paid me a higher amount that would match the total amount of my Police Retirement plus my $1,800.00 Social Security each month.
However, on the month that I was eligible for Social Security, my Police Retirement dropped by $1,800.00 per month, and so my total retirement remained the same from the time that I was 55 for the rest of my life.
Now, if I die prior to reaching about age 70, I win, because I will have gotten more out of the Police Pension System because of the "Front-Loaded" payments.
If I live much past age 70, I lose, because I will always receive my Police Pension at the lower rate for the rest of my life.
(I intend to "win".)
My Police Pension was "Front Loaded".
That means that from the time that I retired from the Department, they paid me a higher amount that would match the total amount of my Police Retirement plus my $1,800.00 Social Security each month.
However, on the month that I was eligible for Social Security, my Police Retirement dropped by $1,800.00 per month, and so my total retirement remained the same from the time that I was 55 for the rest of my life.
Now, if I die prior to reaching about age 70, I win, because I will have gotten more out of the Police Pension System because of the "Front-Loaded" payments.
If I live much past age 70, I lose, because I will always receive my Police Pension at the lower rate for the rest of my life.
(I intend to "win".)
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Page 7 of 7 • 1, 2, 3, 4, 5, 6, 7
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