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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Hey OP you want figures. Here is an example. Assume 34 years of service and $180k average of last 3 years. The your yearly pension will be ($180000x34*1.1%) ie $61200 [/quote] That's really good. That's roughly the same amount I'll be withdrawing yearly from my 401k when I retire in a couple of years and I am a very high income worker in the private sector. I am glad our public servants also have a good retirement because they don't enjoy the salary growth and promotion we have in the private sector.[/quote] That is an overstatement for what someone at GS-15 would actually make. If you want a survivor benefit for your spouse reduce this amount by 10%, so $55,000. You also pay income tax on most of this payment. [/quote] And the vast majority of Feds are not retiring as GS-15s.[/quote]
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