Sunday, July 12, 2009

How San Jose workers do in retirement: a comparison

How San Jose workers do in retirement: a comparison

Social Security
Average annual retirement benefit: $13,386
Age to qualify: For full benefit, 66 or 67; 62 for reduced early benefit.

S.J. civilian workers
Federated City Employees' Retirement System
Average annual pension: $37,376
Age to qualify: 55 with at least five years of service; any age after 30 years of service.

S.J. public safety workers
Police and Fire Department Retirement Plan
Average annual pension: $73,818
Age to qualify: 50 with 25 years of service; 55 with 20 years of service; any age after 30 years of service.

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