I get it. I'm a capped out 15 with 15 more years to go. I wouldn't leave at this point now that I have 15 years in and on my way to a $60-70K pension, but at the same time, I often think, "is this all there is?" I try to remind myself that I have a stable job, decent pay, good benefits, health insurance in retirement, pension in retirement, etc. For Feds, I think it's very much about delayed gratitude because so much of the benefits are really reaped at the end of our careers. |
It’s funny you all think that private industry jobs salaries keep rising. For some, who are tall white males with connections, they become executives and ‘leadership’, others stagnate and get COL increases but passed over promotions, and for all of my relatives of color they get laid off at 50 and start taking lower paying jobs until finally they have forced retirement, despite 20 years at a company. A few become founders; we’ll see how that plays out. |
I would like to say that you are wrong, but I believe you and sadly am not surprised |
To answer your question, yes, this IS all there is”... golden handcuffs. |
I'm a GS15-6 with 20 years until retirement and I'm feeling this as well. |
To be honest I wanted to spark a discussion and hear some dissent. I’m home to Cali for holidays and everyone of my older friends, uncles and aunts in tech and business have been laid off in their 50s, some took lower status (and I think lower pay) roles or dicey positions in angel stage startups. Many have just accepted their forced retirement and blowing a ton on health insurance premiums. The only people I know who are kickin it are law partners, owners of their own contracting business (usually gov contracts), or work at a FAANG or on Wall Street (and they come from families of ample means, so there is a question of how much family connections helped them get and maintain their jobs). My family is all first generation college grads, so we only get jobs basically cold. |
You won't hear dissent from me. I've seen it so many times--people in their late 50s shown their way out the door, replaced by much younger counterparts. That to me is why I am so grateful that my husband has a government job. I know that I just don't have his kind of job stability. |
White males over 50 are very rare at work yet are a lot of senior mgt team. Two in their 60s get to work 730 an every day and stay till 7. Most people of color come in at 9 out the door 515 and WFH and disappear first flake of snow. Sadly the white folks under 50 are also doing it The leadership will get more diverse as everyone under 50 is lazy |
Wut? What are you babbling about? |
Duh, they fired everyone over 50 that wasn’t white. And people under 50 generally have kids at home; old white men won’t. |
Get a job at a financial regulator. You would still have the stability, pension, etc, but you would make a good bit more. |
Because those jobs are so easy to get. I’ve been pretty successful in prior Fed job searches, but never even make the first cut at the financial reg agencies. |