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View Diary: Louisiana Republican supports Obamacare Medicaid expansion, wins House seat carried by Romney (58 comments)

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  •  That's not an explanation. (0+ / 0-)
    Pensions for working stiffs tend to be along the lines of "1.5% of salary * years of service".  That doesn't get you $80k easily.
    What is the structure of pensions for these positions?

    -7.75 -4.67

    "Freedom's just another word for nothing left to lose."

    There are no Christians in foxholes.

    by Odysseus on Sun Nov 17, 2013 at 08:17:50 AM PST

    [ Parent ]

    •  It is apparent what the structure is (0+ / 0-)

      Once the age and time requirements are met, apparently  the amount is calculated based on the three highest earning years. Without his latest appointment, Risler's three highest years would have earned him a pension of $7,500 a year. If he keeps his new job for the three years, his pension will increase to $80,000. Your formula yields the percentage to be be applied. The question becomes: the percentage of what? In this case, the "what" is the average of the three highest years of earnings.

      If you don't want to be kept in the dark and lathered with horse dung, stop acting like a mushroom.

      by nomorerepukes on Tue Nov 26, 2013 at 08:23:29 AM PST

      [ Parent ]

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