Reply to How do you calculate the value of your federal pension?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's worth less than people think. I was making a touch over $200k with the government.  I ran the numbers and to stay and retire, it would only make an additional $25k per year (over the 55k-ish that I am already going to make).  You can earn that much- easily- with 500k investment in the stock market. [b]I was offered a private sector position at 650k per year. Total no brainer, I took the job. [/b]People told me I was crazy to miss the gains on my pension but that math isn't mathing. [/quote]

I guess you are humble bragging. If your private job offers 650k (which I don't even believe), this question isn't really applicable to you.[/quote]

It depends when they left. The lowest SES level pay is 183k and the highest is 250k as of this year.  When I was in the government, my SES was in charge of more than 500 people. I think that could be translated into the private sector for a hefty amount.

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I'm the one who wrote about my new job at $650k. It's absolutely true. But my point in saying that is that people are so attached to the concept of a pension that they cant see any circumstances under which they are okay losing it. You can literally make back the value of the pension many times over but psychologically it's not palatable for many feds. [/quote]

what kind of job you got and in what field?[/quote]

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