Reply to How do you calculate the value of your federal pension?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It's worth less than people think. I was making a touch over $200k with the government.  I ran the numbers and to stay and retire, it would only make an additional $25k per year (over the 55k-ish that I am already going to make).  You can earn that much- easily- with 500k investment in the stock market. I was offered a private sector position at 650k per year. Total no brainer, I took the job. People told me I was crazy to miss the gains on my pension but that math isn't mathing. [/quote]

Very few Fed employees are in the position to go from the Fed to a 650k job. The real decision making is for those GS 13/14/15 with their low six figures salaries and [b]debating giving up 150k Fed income with the pension promise for a 200k private sector job[/b]. If it happens.

I'd agree if over 45 and planning to retire at 65, stick with the Fed for job security and ride it out 20 years and get the guaranteed pension. 
[/quote]

This was my DH except he became a Fed at 40 and only had a couple years of federal service, so he wasn’t going to have a huge pension at retirement. He loved his work but took a private sector job making $70K more.

I’m a Fed with 15 years of service, making $170K. I would need a lot more than a $70K raise to walk away. Aside from the pension issue, my job is a lot more secure than DH’s was. [/quote]

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