Reply to How much of a salary bump would you need to leave the gov?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What benefits are you concerned about?  [/quote]
OP here.

TSP matching is 5%. What they're setting aside for the pension is about 12%.

There's about 4 weeks of AL and about 2.5 weeks of SL, worth another 12.5%.

The portion of my health insurance that's covered is huge, especially considering that my premium does not increase per person under the family plan. I can't expect to find that in the private sector - each additional family member would be extra.

So, if a private sector job offers 3% 401(k) matching, 2 weeks paid leave, and covers a similar portion of your health insurance, then you're looking at loosing 9% in annual retirement contributions and 5-6% in the cashed out value of your leave plus whatever more you'd have to pay for health insurance. So, what I'm struggling with is that even if I'm offered 15% more than what I currently make, I may not actually break even. [/quote]

IME private sector was more generous, at least if you stayed less than 20 years at a job.  For example, there's only 4 weeks of AL for feds after 15 years, the pension is small unless you stay 20 years or more, and the [b]health benefits and 401k contributions are worse than either of my two prior jobs[/b].[/quote]

I'm curious about this last part. Currently, I pay only about 20% of the premium for my family plan that covers 3. It won't cost more when it's 4, 5, 6 - I could have a dozen kids and my premium would still just be the family rate. And 401(k) contributions are more in the private sector? Right now, my 5% matching but pension set aside is 17%. Where do you find more than that? [/quote]

I think it's pretty common for a family premium to cover all members of your family.  OTOH, one of my previous jobs offered "self plus one" which was helpful because it was substantially cheaper than family (esp. in FEHBP), and one offered full coverage of self-only, and family was still less expensive than what good FEHBP plans cost. [/quote]

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