U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New York > New York City
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 10-04-2018, 11:20 AM
 
1,667 posts, read 2,305,971 times
Reputation: 569

Advertisements

Quote:
Originally Posted by grouse789 View Post
Tier 6 you can only bank 10% more than your base pay toward your pension.
You are wrong, stop spreading false info.

Your salaries used to calculate your FAS cannot be more than 10% higher than the year used previously in the calculation.

There is NO cap on your wages at all when figuring your pension.

The Major ****ty differences for "Tier 3 modified (tier 6)" are that there is a 50% social security pension offset, and there are no additional % point increased for service beyond 22.5 years. We are capped at 50% FAS.
Reply With Quote Quick reply to this message

 
Old 10-04-2018, 11:41 AM
 
52 posts, read 58,488 times
Reputation: 22
Quote:
Originally Posted by SanMan2k5 View Post
Yeah go from the best job in the department to the worst and become a foreman. LOL keep the extra money. It's not actually 20-30k keep dreaming.
What would you say the average salary for a year one sanman is with OT? Do you think it's possible to make 50-60k with OT your first year?
Reply With Quote Quick reply to this message
 
Old 10-04-2018, 01:08 PM
 
20 posts, read 19,331 times
Reputation: 20
Top 8-9 dinosaurs in my garage got more time than I have life. They ain't going nowhere. Only one has left in the past 3 years. If you're tier 6 u have to take the badge...deal with the bs now, reap benefit for rest of your life. Numbers wise you don't really have a choice. You should make at least 50k your first year. It all depends on if you wanna chase money, if you wanna work ot, sunday, holidays etc and if you have a tissue or not.
Reply With Quote Quick reply to this message
 
Old 10-04-2018, 01:22 PM
 
558 posts, read 531,269 times
Reputation: 418
Quote:
Originally Posted by Demolition13 View Post
What would you say the average salary for a year one sanman is with OT? Do you think it's possible to make 50-60k with OT your first year?
Everything depends on the circumstances within a garage, the winter, too many variables. Best way to put it is that nobody makes base pay.
Reply With Quote Quick reply to this message
 
Old 10-04-2018, 01:37 PM
 
1,180 posts, read 1,451,590 times
Reputation: 1681
Quote:
Originally Posted by grouse789 View Post
18 year foremen here make close to 180, 20 year sanmen make 145. You do the math



Here's the math there's 59 districts. That's an outlier, not the norm.
Reply With Quote Quick reply to this message
 
Old 10-04-2018, 02:26 PM
 
Location: New York
804 posts, read 616,113 times
Reputation: 1487
Quote:
Originally Posted by SanMan2k5 View Post
Here's the math there's 59 districts. That's an outlier, not the norm.
When you are in your pension years you go where the cash is , not your buddies.
Reply With Quote Quick reply to this message
 
Old 10-04-2018, 02:57 PM
 
1,180 posts, read 1,451,590 times
Reputation: 1681
Going to a higher earning garage to max a san man pension is a little different than telling new guys to become a foreman. I get it some guys on this job squat when they pisss and can't handle working in the street. Those folks can go for a miserable day to day job and get it from both ends. Good for them. The men will be getting it done in the street and still be killing it with $$$.
Reply With Quote Quick reply to this message
 
Old 10-04-2018, 03:06 PM
 
Location: New York
804 posts, read 616,113 times
Reputation: 1487
Quote:
Originally Posted by mikfleye3 View Post
You are wrong, stop spreading false info.

Your salaries used to calculate your FAS cannot be more than 10% higher than the year used previously in the calculation.

There is NO cap on your wages at all when figuring your pension.

The Major ****ty differences for "Tier 3 modified (tier 6)" are that there is a 50% social security pension offset, and there are no additional % point increased for service beyond 22.5 years. We are capped at 50% FAS.

Straight from NYCERS March 2018


"Who is a Tier 6 member?
A Tier 6 member is someone who joins the New York City Employees’ Retirement System (NYCERS) on or after April 1, 2012 except for:
• Members of the Uniformed Force of the NYC Department of Correction
• Members of the Uniformed Force of the NYC Department of Sanitation
• Investigators employed in a District Attorney’s Office"

How is my FAS calculated?
FAS is defined as the average of wages earned by a member during any continuous period of employment for which the member was
credited with five years of Credited Service. However, wages earned during any year used in an FAS calculation cannot exceed the
average of the previous four years by more than ten percent.
Are any wages excluded from the FAS calculation?
Yes.
The Tier 6 definition of wages includes an “overtime ceiling,” which limits overtime compensation for pension purposes. An overtime
ceiling of $15,000 was established as of April 1, 2012 for Tier 6 members, and by law may escalate annually based on the increase in
the Consumer Price Index (CPI-U) published by the United States Bureau of Labor Statistics. The overtime ceiling effective January 1,
2018 is $16,406. Any overtime compensation earned in excess of the overtime ceiling is excluded from the FAS calculation. Overtime
compensation is compensation paid at a rate greater than the standard rate>"

The Service Retirement Benefit payable upon accruing 22 years of Credited Service is 50% of Final Average Salary (FAS) minus
50% of the member’s Primary Social Security Benefit commencing at age 62, which is determined by a formula based upon wages
earned from a public employer from which Social Security deductions were taken.
Reply With Quote Quick reply to this message
 
Old 10-04-2018, 04:43 PM
 
20 posts, read 19,331 times
Reputation: 20
May 2018

https://www.nycers.org/brochure/unif...ent-plan-sa-22
Reply With Quote Quick reply to this message
 
Old 10-04-2018, 05:01 PM
 
Location: New York
804 posts, read 616,113 times
Reputation: 1487
Quote:
Originally Posted by Lolololololololololololol View Post

Touche' !!!

I dont think Tie6 6 guys know this where I am. At least it not as bad as the other tier offer. Hopefully you guys can get your FULL social security back.

And yes, forget everything you learned at FB (fantasy camp). Put up with the nonsense of supervisors, keep your mouth shut, DO come to work on time(90% of the job right there), wait out your 18 months.
Above all, work SAFE. Dont be a hero(heavy loads). Repetitive motion kills your shoulder joints in a few years time if you dont lift properly.
good luck

Last edited by grouse789; 10-04-2018 at 05:23 PM..
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply

Quick Reply
Message:




Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New York > New York City
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. | Please obey Forum Rules | Terms of Use and Privacy Policy

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top