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Reply to "Am I missing that much not going government?"
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[quote=Anonymous][quote=Anonymous]Layoffs are a concern in the private sector. The pension is okay but it’s not as comprehensive as it once was, [b]and government employees have to put a lot of money into it now, according to my complaining relatives who work there. [/b] [/quote] Yes. They deduct 5% of your salary for your retirement and then for the equivalent of a 457b plan they will match you up to 5%. So to really maximize this, you will have 10% of your salary deducted every two weeks which is a lot. In my previous government role, the city contributed 5% of your salary to your retirement plan and then there was a 457 plan. So even if you did nothing, you would walk away with nice sum. Of course there is no pension though - that said unless you get in the Feds pretty early I don’t find the pension to be enough of an attraction. [/quote]
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