What needs to happen is our Unions need to address Congress about our retirement. It’s No Longer that good.
Offer 20yr retirements @ 2.5% times years of Service of your top 60 months at age 50!
Then make full retirement Age 65 with 30 or whatever
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Yes. On your 20 year pension at 50 you can pay your property taxes, health insurance, groceries, utilities, clothes, food, car expenses and gas and the four dollars that’s left over you can use for all of your enjoyment. I have a clue.
If your debt free you don’t need a 60/30 mo–ns. You get to enjoy another 10 years of retirement. Uneducated f—ing old school farm hand railroaders. Good grief get a clue
Our is c-ap compared to Calpers, my BIL retired from corrections with 32 years at 60 and gets $75k a year. My sister gets a forecast every year from Calpers, and if she stays until she's 60 with 33 years of service, the pension will be $6500 a month.
I know her salary because it's public and easily looked up. We make the same yearly salary and will have almost the same number of years. But my RR Retirement without a spouse annuity will be over a $1300 less than hers. And it is a lot easier to figure than ours. 2.5yearssalary
I’m no fan of the railroad but I’d take railroad retirement over military retirement. The key word was better. I made like 19k when I was enlisted lol.
@10vHalDJ-dhf my military retirement is pretty sweet... No college needed...
@10vHalDJ-dhf my military retirement is pretty sweet...
not to mention unless you are already close to retirement, the railroad isn't a place to retire from anyway
A manager's pension basically doubles RRT, but they get screwed on health insurance, so there's a trade off.
you don't want to get congress involved with your retirement. unless you want social security.
So let me get this straight... you want people to work longer to get a full retirement so you can retire at 50 for a smaller pension. You’re either terrible at math or just an id–t.
You don’t think 60/30 is that good, with tier 2 benefits? What are you smoking? Name a career you can get without college that offers a better retirement.