Reply to Job with pension versus job without - how heavily should it weigh in your decision?

Forum Index » Jobs and Careers

Reply to "Job with pension versus job without - how heavily should it weigh in your decision?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][b]I have a 6-figure federal Civil Service pension[/b], fully indexed to inflation and guaranteed by Uncle Sam (which these days admittedly may not mean what it used to), which is a different ball of wax from a pension offered by private sector employers who can change or discontinue their plans at any time, whose future business longevity is unpredictable, etc.

general, I'd prefer higher current compensation in the private sector which I can invest for my own retirement over lesser compensation and a promise of a future pension.  The latter carries with it more risk than may be immediately obvious.  [/quote]

You must have been under the old pension system. No one gets 6 figures from FERS. [/quote]

Yes, CSRS, SES level.  And while it's true that FERS provides a less generous pension, it does have the TSP government match and Social Security components which need to be taken into account all together when evaluating retirement benefits, not to mention FEHB benefits for life.  My SS will be significantly reduced by the Windfall Elimination Provision, unless it is repealed before I begin to draw benefits at age 70.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics