Disability Pensions

In Quincy, from June 2003 through June 2008, the rate for police was 26 percent – 10 out of 39 officers retired on accidental disability.

Social Security paid disability benefits to more than 9 million people in 2008, about 90 percent of them were considered disabled workers. Mental disorders was the diagnosis for about a third of the people considered unable to work.

The average municipal retiree on the South Shore’s annual pension in 2008 was between $19,000 and $21,500. The average accidental disability retiree on the South Shore’s annual pension in 2009 was about $31,500.

The number of private employers who match their employees’ contributions to 401(k) plans is shrinking. Those that still do typically contribute 50 cents for each dollar contributed up to the first 6 percent of an employee’s pay.