Quote Originally Posted by Wesley Mouch View Post
That's fascinating. Can you detail this a bit more for us? Why would they leave early and risk losing wages vs. a small reduction in pension?
Changes to their pension, with new state laws that Snyder is pushing for pension reform. Fast example – say after 10 years you get a 50% pension. Under old laws you could use vacation/comp/sick time as well as OT in your multiplier. So if you had a Job where you made 50k a year [[$24/hr) you pension would be based on your best 3 years of the past 7. But you can use OT wage and comp time in that formula. So say this person made 72k per year for their best 3 years and had 1200hr of unused comp/vacation/sick they could cash out. The current contracts have those provisions in them so they stay until that contract is up.

So rather than getting [[50+50+50)/ 3 x %50 or a $25,000 a year pension like they would under the proposed new system. They get [[72+72+101)/3 x %50 -- they get a check for all that unused time which is added to that year or about $41,000.

That is the reason Police/Fire and City employees HATE Snyder so much. The 100K pensions that they thought they were going to get are gone.