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Same thing with the A plan. Decades ago, 130K/year sounded like a lot of money for retirement. Now, with inflation, much less. Can you think of how little it will seem like 20 years from now?
I agree although when you are working the first 10 years capping out the B Fund is nice. You have to figure that the total B fund over a 25 year career the 12% vice 9% probably makes a $50K difference. Of course our 2nd year 75 captains don't have to worry about that.Originally Posted by busdriver12
Having that cap made our B plan increases somewhat unexciting to me. While I would certainly like to have more of an increase, when it's limited to such a low level, it's far less valuable.Same thing with the A plan. Decades ago, 130K/year sounded like a lot of money for retirement. Now, with inflation, much less. Can you think of how little it will seem like 20 years from now?