Reply to Federal pension jealousy

Forum Index » Money and Finances

Reply to "Federal pension jealousy "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would only be jealous of a fed pension if they started 15 years ago. Newer feds pay in a lot more to get the same pension amount so it's lower salary in reality. Sucks.[/quote]

Yea but you would need to have many millions of dollars in a 401k to generate the sort of income you’ll get from a pension[/quote]

Nonsense. Most people who work their whole careers in a federal position retire with a pension worth roughly $1.5M, about $0.5M of which was taken from their paychecks while working. So the net benefit of a pension is worth $1M, which you could get by a $10K annual investment. So if you can boost your pay by $10K and save that, you come out ahead by leaving the federal government. [/quote]

Nope. They get the 1+ pension and also 1.2m+ thrift (that included good matching). Also get the healthcare for life and can retire well before 65. [/quote]

What are you talking about?  TSP is like a 401K, employees contribute to it. It’s not a pension, it’s just like what large private employers provide and often less generous. If you can go to a private company with a pay boost, you’ll also get the 401K and come out ahead. Did you even do any math?

Yes, healthcare for life that they pay a portion of. Not free.

Plenty of private sector workers retire before 65 also, in case you hadn’t noticed. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics