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Reply to "What private sector salary would be equivalent to Fed salary of $150k?"
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[quote=Anonymous][quote=Anonymous]I work at the Fed. The rule of thumb here is that we need to double our salary in the private sector to make up for the loss of defined benefit pension, great healthcare, and other perks. Once you factor in sick and annual leave (and federal govt’s generous rollover policies), telecommuting, transit benefits, cheap dental and vision coverage - you get to the 2x your salary estimate. [/quote] Not 2x but it depends greatly on the benefits offered in the private sector, which vary greatly. Our healthcare, including dental, is actually cheaper now than as a fed, but there’s no pension. Another thing to consider is you top out pretty low in the gov. While I left the fed 5 years ago for a job that paid roughly 25% more, I am now making more than double with lots of room for future growth. Everyone’s excited about Trump’s proposed 2.6% increase. That would be my raise on a horrible year.[/quote]
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