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Money and Finances
Reply to "Feds: are you counting on FERS for retirement?"
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[quote=Anonymous]I am counting on it but I wouldn't call it a "nice" pension. It's a pension, but reduced in comparison to the civil service system. Nowhere near as "nice" as what my parent received in their non-federal industry after retiring in 1990 -- nearly 70% of ending salary with an annual COLA. I basically will be receiving about 1/3 of my salary when I retire. Totally grateful for that, but compared to pensions of the past or the civil service, it's not super duper, overly generous. I guess our standards have changed if people think this is [/quote]
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