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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I've been working as an IT contractor for the past 18 years now. Never had an issue finding/securing a job. I was just offered a position with a federal agency, but I would have to take a 22k+ pay cut. Is it worth it? I've been at my current company for over 10 years now and they offer a great benefits package and lots of flexibility so I'm hesitant to leave. Everyone says being a fed is the holy grail but is it really?[/quote] Went from a silicon valley based job to fed. It has its plus and minuses, but I was hitting 40, had a young kiddo (4 years old), and was coming in as a non-supervisory GS-14/10. For me personally the 35K pay cut was worth it. I was able to work from home 4 days a week (pre-pandemic), spend time with the family and not worry about work after 5 and the weekends. Don't get me wrong it is not like that never happens in the current job (especially now that I am at a 15 and supervisory), but it is extremely rare that I have to work after hours and on weekends (perhaps once every two months) whereas it happens more than I cared for in private sector. It was a bit of a culture shock going from caring about utilization rates, billiability, and multipage timesheets to a fed environment. I had to slow myself down a bit and get used to the pace, but it took about 3 months. On some occasions I miss the unlimited vacation time, the RSUs, discounted stock purchases, free stuff, and the bonuses, but in the end I do enjoy the stability and not watching the stock price go down and pondering if a layoff could be coming. So in sum, all depends on your priorities and yes the supervisor, branch, division, directorate, agency, etc will all differ in experience.[/quote] Yeah Op if you are like this Pp (and me, not casting shade) and not among big tech money by 40, you likely never will. On many other threads people ask “how much should I make to leave Fed job” and invariably it some huge number like 2x GS15. So $22k is nothing. Roughly the pension is [b]worth $30k[/b], you you are paying $5000+ so more like $25k. The stability is a big draw as you age, especially in IT if you aren’t in BD. [/quote] That’s after tax dollars or 50k pretaxed contributed into a retirement account every year for 20. Also, medical after retirement maybe additional 15k more per year. [/quote]
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