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Reply to "Do you feel confident in the long-term sustainability of the federal pension program?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s fine. They’ll eventually raise the contribution % for new hires though. [/quote] At 4.4% it’s already not a great deal. Maybe they’ll go to high 5 or get rid of the FERS supplement but there isn’t really room to increase the contribution. [/quote] Some states pension contributions are 7%, so there is room.[/quote] Yes, Maryland requires 7% and doesn’t vest until 10 years. It was such a bad deal. Then they offered a 7% yearly 401k contribution if you didn’t sign up for the pension plan. So it was like a choice to lose 7% or gain 7% of salary.[/quote]
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