Originally Posted by
Xjrstreetcar
Left out this as well. I'd say he was being generous.
A/B Fund:
A Plan: 1% FAE or Flat dollar $4000 times YOS (Max 30 years) equals $120,000/year pension. Flat dollar amount increases to $4200 on 1/1/21
B Plan: 12%
Compared to this-
401K:
12% defined contribution; 1% increase per year to 15%
You are seriously suggesting the extra 3% we don’t even get until 2021 is worth more than a $120K/yr payment?
Hint, it costs about $2K a month for 30 years in contributions to get $120K per year for 25 years. The extra company match of 3% is about $500 per month.