Exactly They should get $67,000 a Year in their Pensions
To get fair and better pay, to get shorter work weeks, to get healthcare, to get pensions, to prevent abuses by management.
To be bad you will have to do poorly in your grades and work and you have to not pay attention to anything.
I work at us steel's Fairfield works. The pay goes by pay grades 1-5. I work a pay grade 2 and our hourly pay is $21.41. I think grade one is around $19/hour but as I said, I work at Fairfield works and am not quite sure what the pay grades are at different locations. I would guess it was the same.
I think No
The United States Foreign Service is part of the US State Department. This Department is headed by an executive department head that reports to the US president. The Foreign Service uses the same pay grades as other parts of the Federal governments salary scales.
C. Thoenissen has written: 'On phasing out pay-as-you-go pensions in open economies' -- subject(s): Economic aspects, Economic aspects of Pensions, Pensions
You don't have to work at all.People who receive income from sources other than work (interest, investments, pensions, rents, etc) have to pay taxes too.
Each department/agency determines their own pay scale. Within that pay scale, there'll be different pay grades based on rank, time with the department, experience, and specialty. The brand new recruit isn't going to get the same as the 20 year veteran.
Entry pay for a firefighter is about 42 thousand dollars. If you work for the Department of Defense the pay is on an increasing scale.
Yes, you pay state and federal taxes on the pension.
There are different kinds of retirement pay. Some, such as Illinois, exempt all retirement pay from taxes. Others exempt Social Security benefits, and/or military pensions, and/or public pensions, and/or private pensions, or nothing at all. So there is no one-size-fits-all answer to your question. Instead, here is a good resource for you to explore: http://www.retirementliving.com/RLtaxes.html.