Reply to See hy do so many want Federal government jobs?

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Reply to "See hy do so many want Federal government jobs?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Some reasons:

- The pay is decent enough, especially in a dual-income household.  Two federal employees at GS14-10 will make about $350k HHI, which is enough for most people.

- Guaranteed job security.  You cannot be laid off for economic reasons, for being too old, etc.  You can work past 65 if you really want.

- Related, you don’t need to worry things like keeping clients, business development, generating revenue, etc.  You can focus solely on your work.

- After 15 years you’ll get about five weeks paid vacation, and you can use it on vacations of any length.  In the private sector it can be hard to take even two weeks off, but in the government, if you’ve got five weeks or more saved up, it’s no problem to take a month off to travel or whatever (without checking email).

- The work is less stressful IMO.  I know many federal employees who work long hours, but it’s not quite the same as in the private sector where you may be forced to work all weekend without advanced notice for something critical or to keep a major client.

I actually think the benefits kind of suck (other than vacation time).  Assuming you’re not grandfathered in and pay nothing toward retirement, contributing 4.4% of your salary for the pension doesn’t seem like a great deal.[/quote]

Actually, by today's standards, for a pension 4.4% is a pretty good deal, as much as I don't like it. A family member of mine is a teacher in Arizona and she pays in 11% of her pay towards her state pension.

[/quote]
I think it’s better for people who intend to spend their careers at the government and retire there.  But if you don’t then it seems kind of weak given inflation.  E.g. if you work there from age 36-45 then your pension will be 11% of the average of your last three salary years, i.e. what you earned at ages 43-45.  By the time you retire 20 years later, the pension might not be that much anymore.  Not saying it’s a bad deal, just that it’s overrated, IMO.  I think I would rather have my contribution the government’s contribution as base compensation (which would probably be a better deal for the government too, but I’m no actuary).[/quote]

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