Providence Firefighter Pensions—Disability vs. Regular
Wednesday, May 18, 2011
Just how much more do retired firefighters get on a disability pension?
Well, it’s more than just a tax-free pension based on two-thirds of their salaries.
Disability pensions carry a wide range of potential benefits—from free tuition at state colleges and universities to lifetime medical care for their disability. GoLocalProv has the full breakdown, based on a review of state law, city ordinance, and benefits outlined in the union contract.
The below chart shows the difference in pay and benefits between a regular pension and a disability pension for a firefighter with an average salary who retires in Providence. Over a ten-year period, the difference adds up to at least $140,000—but the actual amount is likely far higher, since this calculation does not take into account tax savings or the value of medical care for an on-the-job injury.
- Disability Pensions: Is There a Cure?
- EXCLUSIVE: Union Leader—Review All Disability Pensions
- Raimondo Launches Audit of Disability Pensions
- UPDATED: Prov. Fire Chief Goes for Disability Pension
- Woonsocket Refuses to Release Disability Pension Records
Enjoy this post? Share it with others.
Commenting is not available in this channel entry.