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Old 08-21-2014, 08:48 AM
 
526 posts, read 741,748 times
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Quote:
Originally Posted by PeachyMJ View Post
Oh my, between my husband and I we both get an average of one retirement check per week! We are actually making more in retirement than working. My 2 retirements are first on the month and on the 3rd Wed. His is on the first, and the second Wed. We wake up every morning happy to be alive and able to live exactly like we want to.

that's us, too! if I was medicare eligible, it'd be better yet! but I am able to save more monthly from my two checks than when I was working
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Old 08-21-2014, 08:52 AM
 
29,782 posts, read 34,871,258 times
Reputation: 11705
Quote:
Originally Posted by eidas View Post
that's us, too! if I was medicare eligible, it'd be better yet! but I am able to save more monthly from my two checks than when I was working
Bada Bing and that's the retirement sweet spot, being retired and still saving. Congrats!
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Old 08-21-2014, 10:27 AM
 
Location: SW Florida
9,759 posts, read 7,038,572 times
Reputation: 14295
Quote:
Originally Posted by PeachyMJ View Post
Oh my, between my husband and I we both get an average of one retirement check per week! We are actually making more in retirement than working. My 2 retirements are first on the month and on the 3rd Wed. His is on the first, and the second Wed. We wake up every morning happy to be alive and able to live exactly like we want to.

for you, glad to see that your hard work and planning has worked out so well!

Most of our retirement checks come in around the beginning of the month here, but my SS check comes in on the second Wednesday, so that's closer to the middle of the month. And the check for my contract work comes in whenever, it's pretty random, based on when I submit the invoice for my work. As you say, my DH and I are doing the happy dance pretty much every day, and actually bring a little more money than when we worked- that's due to fewer deductions, mostly.

We're happy campers too.
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Old 08-21-2014, 06:21 PM
 
Location: SW MO
23,605 posts, read 31,487,261 times
Reputation: 29071
Ah, yes! Us CalPERS retirees and those big 'ol, 100K+ pensions. We both have CalPERS pensions and they're nowhere near that fat even combined. Ya see, life has a habit of getting in the way.

If I had stayed married to the ex I'd be receiving roughly half again more than the average state retiree but that includes years in law enforcement and even more years as a manager. However, that evil woman left me and received half of my pension funds as of the date she bailed as well as half my 401(k). And if that wasn't enough she also cleaned out the checking and savings accounts. Then to add insult to injury I had the privilege of paying four-figure child support as well as spousal support - the former for the next 12 years - which certainly had a deleterious affect on rebuilding my 401(k).

Some things you just can't plan for enough.
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Old 08-21-2014, 07:09 PM
 
Location: SW MO
23,605 posts, read 31,487,261 times
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Quote:
Originally Posted by Curmudgeon View Post
Ah, yes! Us CalPERS retirees and those big 'ol, 100K+ pensions. We both have CalPERS pensions and they're nowhere near that fat even combined. Ya see, life has a habit of getting in the way.

If I had stayed married to the ex I'd be receiving roughly half again more than the average state retiree but that includes years in law enforcement and even more years as a manager. However, that evil woman left me and received half of my pension funds as of the date she bailed as well as half my 401(k). And if that wasn't enough she also cleaned out the checking and savings accounts. Then to add insult to injury I had the privilege of paying four-figure child support as well as spousal support - the former for the next 12 years - which certainly had a deleterious affect on rebuilding my 401(k).

Some things you just can't plan for enough.
Now all that being said, the upside is our medical, dental and vision care benefits to include reimbursement for our Medicare Part B premiums and a prescription benefit with very low co-pays and no donut hole. Could be worse!
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Old 08-22-2014, 08:47 AM
 
Location: Loudon, TN
5,783 posts, read 4,838,667 times
Reputation: 19458
Curmudgeon that is such as drag to have to split everything when that was definitely not your plan! I think that fear of having to live on half of current income probably keeps a lot of senior marriages together, even when they should split. I could live on my half, but it would really s#ck!
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Old 08-25-2014, 08:07 PM
 
6,353 posts, read 5,161,362 times
Reputation: 8527
CalPERS Approves 99 New Ways to Spike California Public Pensions | The Beacon

Enough already.
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Old 08-25-2014, 08:25 PM
 
29,782 posts, read 34,871,258 times
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Hmmm incentive based/pay for performance= spiking?
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Old 08-25-2014, 08:48 PM
 
6,353 posts, read 5,161,362 times
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Quote:
Originally Posted by TuborgP View Post
Hmmm incentive based/pay for performance= spiking?
If Independent Institute is to be believed, and I think they do good work, the new law is written in a way that invites ridicule and that seems designed to favor the politically connected. Librarians who help people use the library? Cops who can shoot? I think pay for performance is fine but all librarians should help people use the library and all cops should be able to shoot.
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Old 08-25-2014, 10:35 PM
 
29,782 posts, read 34,871,258 times
Reputation: 11705
Quote:
Originally Posted by Larry Siegel View Post
If Independent Institute is to be believed, and I think they do good work, the new law is written in a way that invites ridicule and that seems designed to favor the politically connected. Librarians who help people use the library? Cops who can shoot? I think pay for performance is fine but all librarians should help people use the library and all cops should be able to shoot.
Pension spiking are things done at the end of a career to boost the final years salaries for pension computing. Incentives and other things done at any stage of a career are not spiking. What you are raising is a question of what should constitute the salary base for pension credit at any career stage.
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