Quote:
Originally Posted by wdmso
not sure how your retirement works mine is based on. base pay last 3 years tax break does nothing to increase my retirement pay compared to a pay raise ... and not all states tax pension to start with
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The only raises I've had in my Detroit pension were based on cost of living adjustments. In Michigan, pensions acquired after a certain date, don't remember which, are taxed. The Federal government taxes my Social Security. Public sector pay raises (which represent most pensions), as far as I know, are taxable at the federal, state and municipal levels.