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Reply to "100,000 federal jobs shipped out of DC and reclassify 50,000 civil servants."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]They're retiring after 30 years with 90% to 100% of their monthly pay plus benefits.[/quote] Girl you are thinking about your grandfather's pension. Nobody hired after 1985/86 are retiring with salaries like that. It is based on your top high three and one-percent. It turns into 1.1% after the completion of 20 years. There has been some chatter to make the top 3 years into top 5 years for new hires, which would reduce the pension further. New hires contribute 4.4% of the salary each pay period. And it is three-years to vest. [/quote] Yep. It's like these fed bash posters are basing their info off their 100 year old great granddads. [/quote]
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