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.
the federal government also sent a lot of fema money to nyc after 911.
that overtime was pensionable.
as a result many police and fire retired soon thereafter.
there was never any mention of fema money not being pensionable back then.
there was and is a 20% cap on overtime being pensionable.
meaning regardless of how much overtime they actually made,they can pension out with only 20% more of it over what they made the previous year.
example if they made $100,000. in 2000,and they then made $130,000 the following year in 2001.
their pension would be based on a capped salary of $120,000.
wtc site,
Tons of debris removed from site: 1,506,124
Estimated cost of cleanup: $600 million
Total FEMA money spent on the emergency: $970 million
but the cap is really of little importance.
it doesnt matter if your under your cap,hit your cap,or go over it.
you just work whatever is ordered or offered to you.
what does matters,and matters a lot is if the fema money is pensionable. i havent heard of it not being pensionable in the past.i did some research to see if there have been any changes.i couldnt find any info on it..if anyone knows post a source. this affects a lot of people,who might be getting out or thinking of getting out.
and if the d.s. cap is 10% and p.d. and f.d. is 20%
thats an issue that the union should consider negotiating when contract discussions are held.
I received the Annual Statement - USA Compensation Accrual Fund. However I have a tough time understanding the letter that came with it. In all honesty I need someone to dumb it down for me!
Opening Balance
Employer Contributions - Regular Acct
Employer Contributions - PSP Acct
Closing Balance
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.
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.
