For Retirement Security: Get a Pension

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I am a Firefighter for Newton County in Covington, Ga. We are trying to get a pension but the commissioners don't want to hear it! You would think that they would want to retain qualified people in public safety. I looking for another job....

John King of GA 4:35PM January 13, 2010

That's great advice! Maybe you should also reccomond finding a job that has a salary of greater than $150,000 and retiree medical benefits as well!

of OH 3:23PM January 21, 2009

In 2005, I left a sales job that paid commission to work for local government. In doing so, I took a pay cut. Why? Because the local government offered an old-fashioned defined benefit pension plan. I'll work there for 10 years and, thanks to a generous formula based upon age x years of service, will retire when I'm 55 on 50% of my salary. My old boss thought I was nuts taking a pay cut to work as a paper pusher but now she's calling me wanting to know how to pass the civil service exam to hire on.

Dave of CA 12:17AM December 24, 2008

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Planning to Retire

Senior editor Emily Brandon tells you how to get ready financially for retirement and to make your golden years the best they can be.

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Our retirement readiness calculator will provide a rough idea of how long your retirement savings and income will last.


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