It's Christmas for pensioned employees! Okay, maybe not Christmas but it's the day that the Sears Christmas catalog arrives at your house showcasing all the toys you could possibly ask for that year. I got my first pension statement after finally vesting in Tier 4 of the New York State and Local Retirement System. You may remember me expressing excitement over being tier four because the State has gone on to create two new tiers (5 and 6) since I joined, with less benefits.
If I leave before my ten year mark I get my contributions back if I don't want to collect a small pension instead. As of today they total $8,397.