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Reply to "Well paid government employees who can't afford a one or two week shutdown "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The risk all Fed employees take for that comfy pension most of us in the corporate world do not even have as an option. Cry me a river. [/quote] Pensions were grandfathered out in 1983[/quote] Simply not true. CSRS stopped being offered to new hires in 1984 and new hires are under FERS. FERS relies on the fact that your retirement will be a 3 part system - what you saved/employer contributions and earned in your TSP, Social Security (ha!), and FERs pension. So the benefits solely from FERS are significantly less than what those under CSRS receive just from CSRS. However, those under CSRS are not eligible for Social Security unless they completed their quarters of eligibility outside of federal service. If you started prior to 1984 and are still working you will retire under CSRS unless you elected to change to the new system. [/quote]
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