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Joined 2 years ago
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Cake day: June 26th, 2023

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  • That’s actually a pretty standard public service pension schedule.

    Mine had me vesting in 5 years, but the contributions at that point aren’t high enough to mean much. It just means that if if I didn’t make it 5 years the city wouldn’t contribute to my retirement ( I put in 7 and the coty double-matches, so I get 21%). When I hit 5 years, I retroactively got the 14% from the city for my previous 5 years added to my pension. If I had quit before the 5 years, I’d have been given my 7% back as a cash payment after 5 years away from public service.

    But I can’t collect until I reach retirement age or have 20 years of service.