Retirement Question

[Metropolis Man]

Does anyone know if a Sim loses retirement money if they start up a different career? I thought of an interesting challenge idea — accumulating the largest retirement income possible — but, that obviously won't work if you lose retirement income by going back to work. Oh, and is Retirement an Elder-only option?

[Pam]

Yes, they lose their retirement money if they accept another job.  Only one retirement is allowed per Sim.  And yes, it's Elderly only.

[Metropolis Man]

Thanks, Pam. Well, that might be the shortest lived challenge idea I've ever had. 

[Carl]

That's too bad. Sims should have 401ks... but I suppose their retirement fund doesn't grow as they work, instead it's just whatever position they were in when they retired? Know if a Sim who made a crazy-high hourly wage gets a better retirement, Pam?

[Pam]

Yes, the retirement amount seems to be directly related to their final salary.  I haven't tried to figure out the exact formula, though.

[Phyre]

I'm sorry to resurrect this (very) old topic. If you rather I start a new topic, Moderators, please say so. However, since a search pulled up this topic and my question is directly related to all information discussed here I decided to go ahead and post my question here, rather than in a new topic.

Pam said that retirement checks are directly related to final salary. Do we know (does anyone know) if this applies to the static "highest-level-of-career" salary, or if this applied to all the money a sim has earned with their job?

I was wondering because I'm curious to know if my self-employed sim will get a significantly higher retirement check the longer she waits to retire (and thus earns more money). If retirement checks aren't static, this would mean there's a "sweet point" where working longer and obtaining a higher retirement check won't weight up anymore against retiring immediately.

[Hosfac]

I'm not entirely sure, but I don't think self-employed sims get the opportunity to retire.

[Pam]

You can only retire from rabbit-hole jobs (police, music, medical, science, etc.).  If you're genuinely wanting to know about retirement checks for self-employment, there are none.  However, all you mentioned would apply to a rabbit-hole job.  Unfortunately, I still don't know how retirement pay is calculated.  My best guess is that it's based on your final pay when you retire.

[Phyre]

Thanks for the replies!

How silly that I didn't even know that, but since I don't really play Elders I thus far never had to retire.

When I'm a little less busy with works and not so absorbed in my dynasty every chance I get I'll see if I can run some tests on retirement pay.

[Lilygirl]

You can also retire from the Ambition professions: Firefighter, Architect, etc. They get some really nice retirement cheques!