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Post Info TOPIC: DECEMBER BMOC


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RE: DECEMBER BMOC


I think you are right I heard the same thing patrolguide.

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~ 20 Years to Get The White Shirt, That's The Goal!  ~



Veteran Member

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Anyway... On a issue of importance... When is the next bmocc?

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Senior Member

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Dr Resnick wrote:

Anyway... On a issue of importance... When is the next bmocc?


 Like



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Guru

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No one knows anything yet.

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67 on 2015 Lt Exam. DISGRACE!

 

Lt Exam Wars

Episode II : Vucinaj Strikes Back

2017



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It's 1/60 of every dollar you make after 20. You don't build up "60ths", as in 1/60 at 21, 2/60 at 22, 3/60 at 23, etc. If you work until 30 and make a total of $1,800,000 in the 10 years from 20 to 30, you will get an extra 1/60 of $1.8 million added to your pension. This continues to build up no matter how many years you do over 20.



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Your pension is the most important thing of all. But anyways, I went to a pension seminar and I don't recall anything about the 60th ending, just that it starts after 20.... It can become a pretty sizable chunk if u do 25 or 30, and throw into the mix things like ITHP and additional 50% you can really pump your pension up. I learned early in my career to not listen to rumors on this job. Just call the pension section if you want the truth. Or even better, go to a Pension Seminar. Or just read that little Pension booklet we get for your Tier. That has pretty much everything you need to know about your Pension.

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AirborneGuy wrote:

It's 1/60 of every dollar you make after 20. You don't build up "60ths", as in 1/60 at 21, 2/60 at 22, 3/60 at 23, etc. If you work until 30 and make a total of $1,800,000 in the 10 years from 20 to 30, you will get an extra 1/60 of $1.8 million added to your pension. This continues to build up no matter how many years you do over 20.




So if you do the math it comes up to extra 30,000. Is that total or per year?

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Senior Member

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$30,000 would be added on top of your 1/2 salary pension, along with any other overage.

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Senior Member

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the pension is system is made for us to do 25yrs or more. the city want you to do 20 and retire.

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TransitSucks wrote:

the pension is system is made for us to do 25yrs or more. the city want you to do 20 and retire.


 have to agree....i think that is the reason y cops are treated so awful. If we had it great, no one would retire! But after a certain time, around 27 years, it does hurt to stay on the job numbers wise.



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Senior Member

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25 and out.

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