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re: BRPD has a great retirement benefit.
Posted on 11/22/14 at 9:29 pm to gaetti15
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.
1
Posted on 11/22/14 at 9:37 pm to Tchefuncte Tiger
quote:
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.
right, now I am remembering it...but at some point (drop or no drop) I'm pretty sure they average the last 3 years of your pay.
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