Lynyrd wrote: I know in my county, if you server two full terms as a commissioner, that's just 8 years, you get a pension for life. Where else can you get a pension after 8 years?
Well, there may be more to the story …
I worked for an employer who had a pension plan. You were vested in the pension after five years. That is, after five years of service you qualified for a pension.
But, you couldn't collect until you were at least 55 years old, and with only five years of service the pension was pretty small. Still, you got a pension after only five years! Sounds sweet, but between the wait to collect and the tiny amount of the pension it wasn't really much to talk about.