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re: BRPD has a great retirement benefit.
Posted on 11/22/14 at 7:27 pm to Saints72
Posted on 11/22/14 at 7:27 pm to Saints72
quote:
popular deferred retirement program for public employees, at which point his retirement benefit will be calculated.
they take the average of the last three years salary then use that as what you get as a stipend...
this is supposed to prevent this type of scenario from happening, but some people are just more connected than others.
You see this in every department of the state government, especially the law enforcers (staties and wlf)
This post was edited on 11/22/14 at 7:28 pm
1
Posted on 11/22/14 at 9:29 pm to gaetti15
quote:
they take the average of the last three years salary then use that as what you get as a stipend...
When you're on DROP, you're basically retired, yet continue to work at your current salary. Your retirement pay goes into an account that draws interest, which allows you to draw upon this after retirement. However, your final retirement benefit is based upon your years of service at the time you entered DROP.
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