Federal pension jealousy

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:In addition to the pension, federal employees also have generous sick leave and annual leave.

+1 Yes, the best thing about fed employment besides job security is that you can be at every school performance, parent-teacher conference, etc. Work-life balance is awesome. The pension is not good.

Our combined pensions will be 200k. How is that not good?

That's very high for most feds. Will you but have 40 years?

Yes for the average fed this is next to impossible. A FERS pension of 100k for most feds would require starting at 22, working 40 years and retiring with an average high 3 salary over 225k (when a GS 15 caps out at 190k right now)

Of course there are other retirement systems for certain feds that would make it more possible

NP. my current high-3 is 227k, i plan to work for another 16 years so it will likely be around 335k when I retire. my pension will likely be around $90k a year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:In addition to the pension, federal employees also have generous sick leave and annual leave.

+1 Yes, the best thing about fed employment besides job security is that you can be at every school performance, parent-teacher conference, etc. Work-life balance is awesome. The pension is not good.

Our combined pensions will be 200k. How is that not good?

That's very high for most feds. Will you but have 40 years?

Yes for the average fed this is next to impossible. A FERS pension of 100k for most feds would require starting at 22, working 40 years and retiring with an average high 3 salary over 225k (when a GS 15 caps out at 190k right now)

Of course there are other retirement systems for certain feds that would make it more possible

NP. my current high-3 is 227k, i plan to work for another 16 years so it will likely be around 335k when I retire. my pension will likely be around $90k a year.

Yeah so? In future dollars we'll all be eventually making a million per pay period.

[Anonymous]

It’s never come up.

I usually don’t mention that I work for the government unless asked specifically in some way. I state my industry and that’s usually enough.

If somehow this happened, I wouldn’t feel a need to explain anything. Seriously, why? If they feel that way I doubt anything I would say would change their mind. Best to walk away or change the topic.