Question : What is the retirement plan for Firefighters?
I am a 16 year old teen living in LA, California and lately have been very interested in becoming a firefighter. I want to know what is the retirment plan for becoming a firefighter? It is a little early to be thinking about this then again i don't come from a very rich family :). I need to know about what percentage do you get after you retire, let's say from 10-15 years of service. Thank you soooooo much!
- asked by Minas.
All Answers:
Answer #1
Your BEST option is to assume you get NOTHING fromthe department and invest on your own. Thisprotects you from several potential issues. 1. If you DON'T stay with the department, you stillhave your savings. 2. If the departments plangoes bankrupt, you still have your savings.
- answered by STEVEN F
Answer #2
You need to look at the contract your firedepartment has with the city.In my departmentafter 20 yrs of service you retire at 50% of yourfinal salary.for every year after 20 you getanother 2% up to a max of 75%Many departments aresimilar, check into the municipalities for whichyou may work.
- answered by Paul T
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measure and fulfill your financial needs
