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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would only be jealous of a fed pension if they started 15 years ago. Newer feds pay in a lot more to get the same pension amount so it's lower salary in reality. Sucks.[/quote]

Yea but you would need to have many millions of dollars in a 401k to generate the sort of income you’ll get from a pension[/quote]

Nonsense. Most people who work their whole careers in a federal position retire with a pension worth roughly $1.5M, about $0.5M of which was taken from their paychecks while working. So the net benefit of a pension is worth $1M, which you could get by a $10K annual investment. So if you can boost your pay by $10K and save that, you come out ahead by leaving the federal government. [/quote]

1/3 of their pension is taken out of their check? I paid in somewhere around 1%, and I know it has increased since then, but 1/3?

You also left out healthcare benefits, which is worth a nice chunk of change. And don't forget that a lot of feds are in low level positions and those workers wouldn't do any better in the private sector. [/quote]

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