Reply to How do you calculate the value of your federal pension?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's worth less than people think. I was making a touch over $200k with the government.  I ran the numbers and to stay and retire, it would only make an additional $25k per year (over the 55k-ish that I am already going to make).  You can earn that much- easily- with 500k investment in the stock market. [b]I was offered a private sector position at 650k per year. Total no brainer, I took the job. [/b]People told me I was crazy to miss the gains on my pension but that math isn't mathing. [/quote]

I guess you are humble bragging. If your private job offers 650k (which I don't even believe), this question isn't really applicable to you.[/quote]

It depends when they left. The lowest SES level pay is 183k and the highest is 250k as of this year.  When I was in the government, my SES was in charge of more than 500 people. I think that could be translated into the private sector for a hefty amount.

[/quote]

I'm the one who wrote about my new job at $650k. It's absolutely true. But my point in saying that is that people are so attached to the concept of a pension that they cant see any circumstances under which they are okay losing it. You can literally make back the value of the pension many times over but psychologically it's not palatable for many feds. [/quote]

the risk equation isn't quite as simple as you paint it.

pre-election (and thus before employment and economy getting trashed) i interviewed for a position that had a salary range of $300-900k, but for an employer known to cut their losses early if they decided it wasn't working out. to take the job i would have needed to be able to save enough money in a year to carry me through a potential 12-18 month job search if things went south.

while i then only made $250k, i was already over 50. i calculated i'd need to ask for $600k a year, for a job i was not in love with. i elected to stay put. that wasn't a calculation around the pension, just general job security over 50 when i already make decent money.[/quote]

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