I learned something new this week about how PERA calculates service credit in the School and DPS Divisions. I knew the basics (and the basics are what applies to most people). I knew: To earn a month of service credit, the member must earn at least 80 times the current federal minimum wage in the … Continue reading How Colorado PERA “Front-Loads” Service Credit in the School and DPS Divisions
Tag: pension
Podcast Episode 15: Cash Flow in Retirement: Social Security, Pensions, and Safe Withdrawal Rates
I just released Episode 15 of the Teaching You To Fisch podcast. This episode explores how you will generate the income necessary to pay for your lifestyle when you are no longer working. Slides Transcript It's available on Spotify, Apple Podcasts, and YouTube, and I've also embedded it below. As always, feedback is appreciated. https://www.youtube.com/watch?v=sFLgLcCCxyM … Continue reading Podcast Episode 15: Cash Flow in Retirement: Social Security, Pensions, and Safe Withdrawal Rates
Time to Buy! Buy! Buy! (Service Credit, 2025 Edition)
Just a little over 3 years ago I wrote a post encouraging folks to purchase service credit in their pension system if they were eligible and could afford to do it. While the entire post is worth reading for the full context, I wanted to pull out this quote, The second reason I think purchasing … Continue reading Time to Buy! Buy! Buy! (Service Credit, 2025 Edition)
Who Has the Best Pension?
Now that we're up to 37 books about various teacher pension plans (plus one standalone book for young adults), I sometimes get asked, "So, who has the best pension?" My answer is, probably unsurprisingly and definitely disappointingly, "It depends." While most teacher pension plans have many things in common, the details really matter. And those … Continue reading Who Has the Best Pension?
Knock-On Effects of the WEP and the GPO Repeal
Last night the Senate passed HR 82, which repeals the WEP and the GPO. As I posted last night, this is a bit more complicated than some people think and some folks may be surprised by some of the ultimate outcomes. While those "complications" were very much discussed by opponents of the bill, today I … Continue reading Knock-On Effects of the WEP and the GPO Repeal
WEP and GPO Repealed
Edit: It's helpful if you are interested in this topic to read these two previous posts: Are the WEP and GPO Fair? and Some Nuances of the WEP and GPO. The U.S. Senate today passed, and President Biden is expected to sign, HR 82, the "Social Security Fairness Act." (The bill was signed into law … Continue reading WEP and GPO Repealed
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