DISABILITY PUBLIC PENSION CALCULATOR
Did you know that government employees classified as public safety can retire with 50% of their pension income exempt from state and federal taxes. Often these "disabled public "masters" can be found on the golf course, tennis court, or even in a marathon. What is worse, they often will move out on the high tax state that is paying their pension to avoid paying taxes of the other 50% on their income. Use this calculator to see how much more money it means for them.
"Damn aint it good to be gangsta"
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Compare how much you would need to save in your 401K
Enter only numeric values (no commas), using decimal points
where needed.
Non-numeric values will cause errors.
The assumptions used in this calculator are: 30% Federal Tax Rate and 10% tax rate, 2% COLA, along with a 5% discount rate. This is the rate that the Stanford study recommends. After all if the pension is guaranteed than it should be discounted using a risk free rate, although currently the risk free rate is even lower than 5%.