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Reply to "Am I missing that much not going government?"
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[quote=Anonymous][quote=Anonymous]Pension. That’s it.[/quote] The really good Federal pension was called CSRS. and that was closed to new hires roughly in 1984-1985. The current Federal pension scheme is called FERS, which is only slightly better than a well matched 401(k). opm.gov has all the details of the FERS plan, including its small pension component. The main reasons people switch to civil service are stability (it really is hard to fire people in the competitive civil service) and the ability to keep working as one gets older (private industry often will push older employees out; age discrimination is not legal but also is difficult to prove in court). Sometimes, civil service benefits (like healthcare) are better than someone’s private employer. [/quote]
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