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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Retirement plan at Fed is separate from the rest of government. Everyone - regardless if a receptionist or Chair Yellen - pays into the same plan. Thrift plan is 1% for free + 7% match, fully vests after 5 years. Defined benefit pension is fully vested at 5 years of service. If you leave before then, you can take a Portable Cash Option. You can go to any of the other Reserve Banks around the country and it all counts toward your 5 years. The assistants all come in early and are out the door immediately after their 8 hours. Very flexible schedule, if you're a shared PA for a group. If you're the PA to one of the big-wigs, my guess is that they dictate your schedule. All of assistants are on AWS, none that I know telecommute. And they are ALWAYS in some sort of multi-day training whenever I need an assistant to help me with stuff. Seems like a pretty chill gig, IMHO. That said, no Jesus quote or Bible verses allowed in your email signature. Someone was putting religious materials in the bathrooms and there was a big kerfuffle about it.[/quote] Then it looks worse than OCC's. OCC gives 5% free and match another 5% vesting immediately I believe. They also FERS pension as well as free dental and vision insurance for the whole family.[/quote] The Federal Reserve's pension system is much better than FERS. The payout is still X-high-three, but it is closer to 1.7 percent. [/quote]
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