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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m 48 years old in private industry and have a pension with 25 years worth of service contributions. Looks like I can start receiving pension payments in the amount of $9K per month at the age of 55.[b] Are federal pensions significantly higher than this?[/b] I also have $2.9M in my IRA and another $1.3M in my 403b. [/quote] [b]Feds under the current retirement plan can get around $60k/ year for the highest levels if they completed 30 years. But someone making $100k as their final salary would get around $30k/year pension.[/b] It’s not that great for all the years worked.[/quote] Agree with this poster. Majority of the Feds will get between $30k-$60k for 30 years of service, and not the $150k as boasted by the unicorn poster. [/quote]
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