Have they looked for laterals before? Or is this new? Just curious.
If the Transit PD Union follows the T's 2 biggest Unions... and if you get hired now, you wont be grandfathered in to the 23 yrs. It is now 25 yrs / 55 yo. Max out at 30 yrs.This has me interested. A lot to think about though with the different retirement systems. I have 7 years invested into the retirement system and I am able to buy back 4 years of active duty time for a total of 11 years at this point. I would have to work about 21 more years to max out retirement at 32 years of service. From what I understand Transit PD maxes out their pension after 23 years of service. Is this true?
How many years of service are required before a Transit officer can apply for a specialty position? (K-9, SWAT, Motor Unit, etc)
I called the MBTA and asked about a lateral before I came here. I was told that they don't take them. My guess is that this is relatively new..Have they looked for laterals before? Or is this new? Just curious.
You can retire sooner from the MBTA but the percentages aren't as good as with Group 4.Is it true that the retirement system the MBTA uses isn't as beneficial as one within the municipalities? When I ask this I mean years or service and return on your investment.
Out of curiosity mpd61, is the MBTA pension from the federal railroad retirement board (rrb.gov), or something on the state level?You have to be able to Serve 23 Years before age 65 or your RAILROAD-Based pension suffers greatly.
Ya, I was told the same thing by a Trooper who was a Tcop in court today. It would be sweet if it transferred. For those interested he did say it was a good job.Any older dudes should 4 get it. Unless there was major PARADIGM change....You have to be able to Serve 23 Years before age 65 or your RAILROAD-Based pension suffers greatly. You DO NOT transfer in any State/Muni time either. Believe me I got the card in 06, was 45 years old and extremely disappointed when the MBTA HR folks told me directly that I was welcome to come onboard but my Military time and five years state time would mean NOTHING. Delta their retirement is like 80% anytime after 23 years and.....Your spouse gets the full pension after you die first!