Reply to Federal employee pay raise 2022

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don’t care about a a raise of a couple thousand dollars.
I’m in it for the benefits. [/quote]

Which suck.[/quote]

Educate yourself. The benefits are outstanding. Among them:  If you make it to retirement, you can carry the health insurance for you and your partner for the rest of your lives. Best insurance coverage available. Full stop. [/quote]

In guessing you aren't in STEMland?

Our competition does 7%, 401k matches, can mega backdoor, similar insurance, sabbaticals, money to travel to conferences etc.[/quote]
You can’t keep your health insurance when you retire or are laid off, correct? And no pensions? Those are massive differences. [/quote]

Np I am a fed but is the health insurance that good? Isn’t Medicare plus part D cheaper and better?

Fwiw my parents have way better insurance through my dads company than I have. [b]My best friend in private sector doesn’t even pay premiums with her health insurance.[/b] [/quote]

Former Fed (10+ years) here and while the insurance is generally very good (I had BCBS Standard), and the fact that you get it in retirement is definitely a plus, it's not as amazing as people say. For one, there's zero fertility coverage, which compared to private sector companies is pretty disappointing. Second, the premiums for adding dependent coverage are not that great either. I now work at a big tech company and my entire family is covered with a PPO for less than $300/mo. If I had stayed with the fed gov't, it would have been significantly more than that (and I'd be getting paid a lot less, of course). I also think the Fed pension is pretty mediocre. At least at my old agency, the theory was that your TSP + SS + pension would serve to replace your full salary in retirement. So the pension is nowhere near your full salary (whereas in local/state gov't, that sometimes is the case - I worked for local gov't briefly and they promised a full pension after 30 years of service). Plus at my tech company now, I get a far larger match to my 401K, and also have access to mega backdoor roth.

All that said, the job security is not to be taken lightly, and for some, the partial pension plus lifetime health insurance makes it worthwhile. That's of course setting aside the mission aspect, which for me was the best part of being a Fed. Unfortunately I had had it with the politics and lack of advancement opportunities, so I'm very glad I left. [/quote]

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