Quote:
Originally Posted by Traum
The way the police's defined benefit pension plan works is, they'd be entitled to earn a "full pension" -- ie. 70% of their salary based on the 5 highest earning years in their career -- after working for ~23 years.
Eons ago when I was in undergrad, police came on campus to hold recruitment drives. Had I knew about this golden pension back then, I would have applied there fresh out of ugrad.
Imagine being hired at 22, then work for 23 years, and then I can retire with a nice pension package at 45 to pursue whatever else I want... Damn, was I ever stupid to not consider that...
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Yeah, I know of someone like that. He's retired from RCMP after 25 years of service or something. Gets full pension and has another job now too so he's got like 2 salaries now but 1 job.