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

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[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]

The higher you get in your fed job, the less you make.  Who would want to be in charge of 500 people and only make $200k?  At my agency, the Chief Information Officer (CIO) probably made 250k.  Not a bad salary, but for the global IT infrastructure he was responsible for, that's a terrible salary.

Maybe I'm an underachiever, but the sweetspot in the government is the non-mangerial GG13-15 spot.  Do your job and go home.  No office politics, no HR drama, no endless meetings, no leveraging resources (talking BS gov speak), no metrics....etc.  If you want all that, go private sector where at least you will be compensated.  [/quote]

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