Below is an example of a posting on the CSC Interactive Online Forums. I’ve gone on about how these forums provide useful information, but it does have its downsides.
Am I reading this correctly ?
Yearly contribution amount determined by an acturay to ensure sufficient $ in plan on the other hand a limit of 2,444 imposed per year.
Aim = provide 2% of pre retirement income,
times # years served
So I have 20 years left to work 2,444 x 20 = 48,880
Actuary calcultes pre retirement income = 150,000py 150,000 x 2% = 3,000 times 30 yrs ( I have been working 10 years already) = 90,000 gov.
says I’m allowed 48,880 contributions
Actuary says I need 90,000
What happens now ?
I didn’t change any of the formatting, so the spacing is as is. Needless to say, people tend to make questions a lot harder then they really are. As you may already know I am no grammar/spelling guru here, so I’m not referring to that. But complete sentences and some basic background referencing may help others decipher your gibberish code.
My CSC Experience 