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  1. actually im not sure how her pension worked.. do pensions last as long as your alive or there a finite sum? i know she gets social security, and i would imagine food stamps and section 8 for the rest of the family. i never like to outright ask her those things tho.

    *rob*

  2. I don’t know what state jobs where they get 8 weeks vacation. At 20 years you get 4 weeks.
    As far as that pension- very low % of state workers even make $100k…To get a pension like that you would had to have been with state for 30 years and very top level position. And top-level state positions pay is much lower than equivalent in non-govt. jobs.
    (This is for non-uniformed jobs— police, etc are a different ballgame and different rules).

  3. if it wasn’t for my grandfather’s pension my grandmother would be LIVING IN A CARDBOARD BOX DOWN BY THE RIVER! he was not a state worker tho so dont worry no one’s taxes went to his pension.

    *rob*

  4. quote:
    Another good friend of ours went to work for the state and is probably already retired after having years of 8 week vacations.

    yeah, but i bet your friend with the state job isnt posting on brownstoner ALL DAY LONG

    *rob*

  5. Adam,

    since you’re here, want to ask you a question on mortgages for units in those 4 or less unit brownstones in park slope. can one even get a mortgage on them or was that dude on the forum thread regarding this topic correct that one can’t get one unless it’s massive down payment? Also, renov loans also extinct?

    Am asking cause I’m still ocassionally getting some fixer upper listing from agents in these small coops. havent been taking them seriously cause I got impression financing for purchase and renov are not available

  6. dibs, it sickens me. Though I would assume all those pensions become void if state defaults? Do we have a muni finance person lurking?

    Funny, my parents pension is 20% of that and they’re living quite the life due to saving/living in their means.

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