re: Private Sector vs state employment

quote:

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If you started working for the state right out of high school, you can retire before 50. Even right out of college, you retire early 50s.

Really not a bad deal, tbh.

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I am sure it was different years ago, but the latest LASERS rules will allow you to retire one of two ways:

1. Minimum of 5 years of service up to but not including 20 years of service, you can start drawing at 62 years of age.
2. Minimum 20 years minimum can start drawing immediately, but it will be reduced based on the number of years prior to 62 years of age. 62 qualifies for the full pension amount.

Still, even taking a reduced pension in your 50's allows one to hopefully join the private sector and build additional retirement savings and qualify for SS.