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Article: Lump sum and pension -- oh
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- January 9, 2002
- Author:
CopyrightCopyright 2002 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Jim Stingl
Lump sum and pension -- oh, that's really rich
By JIM STINGL
of the Journal Sentinel staff
Wednesday, January 9, 2002
Would you like to hear the sweet sound of laughter? Contact the
benefits office where you work and ask if there's any chance that
your pension someday -- if you get one at all -- will be a lump sum
payment of, say, $2.3 million plus $136,800 a year in walking-around
money.
Tell them Tom Ament sent you.
Assuming I could last in this job until age 70, which is numerous
decades away for me, my annual pension would be roughly $23,000 a
year, I was told when I called Tuesday. That means I'd probably have
to get a job skimming the county executive's pool to make ends ...