Earlier thread of paiste13 led me to post this discussion. I am a Tier 1 employee under the state retirement system - all municipalities in my state are part of the state system. Tier 1 can take full retirement at 30 years of service with public safety at 20 years. Tier 2 (since 2011?) are 35 years and 25 years. I will get 2% per year of my highest three years averaged out. Would love to hit the $100k for three years which would then mean $60K per year as retirement. Pension does adjust for inflation but typically 1% or less per year. I do have a 401k in which I and my employer contribute and a 457 (which no active contributions as this was carry over from a previous employer). What is your organizations retirement package.?