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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]HHI $250K

DW 38 $90K TSP, $30K IRA, military pension at 60 and federal civilian pension at 62.

DH 40 $50K TSP, $30K IRA, military pension at 60 and federal civilian pension at 62.

DC 8 - 4 years of post 9/11 GI Bill, $35K 529

DC 1 - 4 years of post 9/11 GI Bill, $2K 529

Looking to have approx $200K per year in today's dollars to live on in retirement. With pensions and SS (and normal career progression) should have $180K per year. [/quote]

That's what's wrong with this damn government. Four pensions, $200k a year..... They just give away money to Feds.[/quote]

The fuck is wrong with you, pp? I mean that? What the FUCK is wrong with you? Are you suggesting that this money wasn't EARNED by these people who have been in the workforce for 20 years? I am 41 and have $300,000 saved for retirement and $70,000 saved for two kids in 529s. I am in the private sector -- did my employers GIVE AWAY this money to me?

What a twisted, ugly world view you have. Do us all a favor and quit expressing your pathetic views on the Internet.[/quote]

I don't think this poster is the only person out there who wishes the government would reform or abolish the pension system.  I'm in favor of it too because I don't think its sustainable.  I'm in favor of having the federal government operate like a private company in this regard because I think there are other perks, like job stability, that make it attractive.  Private industry doesn't have that.  With that said, I'm all in favor of making federal salaries more competitive, especially in specialty positions.  I'd rather that people are better paid while they are currently working.  I'm also in favor of the GI Bill and other perks like free/reduced medical coverage for life for combat veterans.  I'm in favor of full lifetime support for all wounded or disabled veterans, including people suffering from PTSD or mental health issues.

I went to school on the GI Bill, as did another sibling.  My father was severely disabled in combat, and had limited work opportunities.  He had a low-paying federal job and disability payments.  He's in his 60s and basically gets the same "salary/benefits" which is about $75K annually plus free health care.  He is such a poor money manager that he declared bankruptcy.  It makes me cringe that he could do this with the public's money.  I have no idea where it goes.

I don't think benefits should be in the form of guaranteed pension.  Above is a couple, who in 20 years, could retire at $350K HHI and earn $245K annually for 30-40 years.  Nobody retires at 60 any longer, and life expectancy is up.  Europe is even reforming pensions.  I know people don't like to hear it, but I think it's worth a discussion.  [/quote]

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