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I was recently appointed to my Agency's Retirement Board (St. Mary's County Sheriff's Office)
I would like to obtain information from other agencies what there retirement packages are? Years, Percent, Pay In, etc. I just want to see where we rank around the state. I know we are not the best but hopefully we are far from the worst.
Here's our which recently changed: 25 years at 2.5% a year= 62.5 percent
We pay in 8% of base pay. Also, you can get up to five years military credit at 2.5% a year. Plus unused sick leave at the time of retirement is counted towards your percentage. Usually it adds up to an extra year (2.5%)
If you don't mind sharing what your agencies is, I'd like to compare. I also searched previous threads for one of this nature but couldn't find anything.
I would like to obtain information from other agencies what there retirement packages are? Years, Percent, Pay In, etc. I just want to see where we rank around the state. I know we are not the best but hopefully we are far from the worst.
Here's our which recently changed: 25 years at 2.5% a year= 62.5 percent
We pay in 8% of base pay. Also, you can get up to five years military credit at 2.5% a year. Plus unused sick leave at the time of retirement is counted towards your percentage. Usually it adds up to an extra year (2.5%)
If you don't mind sharing what your agencies is, I'd like to compare. I also searched previous threads for one of this nature but couldn't find anything.
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