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Reply to "Are Feds offering pensions to new employees?"
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[quote=Anonymous][quote=Anonymous]There's no such thing as a pension in the federal government. What we get is contributions to our Thrift Savings Plan.[/quote] Yes there is. For FERS there is a small pension (1 percent times the number of years), social security, and TSP. If you retire before 62 there is a bridge payment to make up for the fact that you can't receive social security yet. The bridge payment goes away when you turn 62. You need to take your agency's retirement class if you are a federal employee so you will be prepared for retirement when the time comes. Does not sound like you are if you don't know about the pension. It is not as much as the CSRS pension, but it is better than no pension.[/quote]
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