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Reply to "Former GS15s, tell me about becoming SES/PA or going private sector"
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[quote=Anonymous]Entered the fed service from the private sector as a maxed out GS-15. Moved to a premium pay agency after about 3.5 years. Was a fed for a total of about 8 years. Fed was never really a good cultural fit for me, despite loving the mission. I left for the private sector after a few relatively high-profile roles. My comp initially changed from about $210/yr to about $350/yr base and bonus plus another $200/yr in equity. After a promotion to the c-suite, I'm now at about $1.5M/yr all in. Obviously, that's not common and I'm very fortunate. I work in cyber. I ran the numbers on the retirement and pension factors. The normal retirement and benefits are generally equal. The pension is a loss when moving private, but when I did the calculations, I'd need "only" about another $30k in pre-tax comp to make up for it (assuming I saved that income). I'll consider going back for the last couple years (55-57) of my working career. For a couple reasons in ascending order of importance: 1) I'd like to re-baseline my pension 2) I'd like to retire with medical benefits 3) I think it's important to cross-pollinate the public and private sectors, especially in cyber 4) I expect I will have made enough money by then that the massive pay cut won't bother me 5) I like the mission[/quote]
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