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.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTThe 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.
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