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Reply to "How do you calculate the value of your federal pension? "
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[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. I was offered a private sector position at 650k per year. Total no brainer, I took the job. People told me I was crazy to miss the gains on my pension but that math isn't mathing. [/quote] Very few Fed employees are in the position to go from the Fed to a 650k job. The real decision making is for those GS 13/14/15 with their low six figures salaries and debating giving up 150k Fed income with the pension promise for a 200k private sector job. If it happens. I'd agree if over 45 and planning to retire at 65, stick with the Fed for job security and ride it out 20 years and get the guaranteed pension. [/quote]
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