Quote:
Originally Posted by The Yen Man
I just think it's crazy a city worker can retire when they're 55. With how much longer we're living, that person can potentially be on pension for another 30+ years. That's more than their total time worked. How can that possibly be sustainable?
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It is more complex then that... There is also a 85 factor included in that requirement... So to retire at age 55 you also need 30 years service, so that means you would have been working with the City age 25 or younger.
(You can retire before an 85 factor, but your pension is greatly reduced).