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Money and Finances
Reply to "58 and no savings and no pension"
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[quote=Anonymous][quote=Anonymous][quote]And the FERS basic benefits are counted against SS, so that means that he'll get $8K but will get $8K less Social Security. [/quote] This is false. The 1% per year FERS pension is paid into by employees, just as SS is. The benefit is [b]in addition [/b]to social security.[/quote] phew. for a minute there I was questioning everything. i don't "love" my federal job and frankly I only stay for that little FERS pension (in may case it probably won't amount to much but its more than if I didn't have it). [/quote]
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