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[quote=Anonymous]Federal pensions are based on the year they entered service. At this point, most are in the system that provides 1% for every year they worked multiplied by their average three year highest salary. This goes up to 1.1% if they retire after they hit age 62. They are eligible for Social Security. They are also eligible to contribute to a TSP which is their version of a 401k. They are also eligible to buy federal health insurance, if they meet the minimum years worked. This is helpful, if they want to retire before Medicare kicks in. [/quote]
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