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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Most long-term staff at the Fed are there for the mission, lifestyle, and benefits. The pension is only transferable to the CFPB, but those jobs are possibilities for only a small percentage of Fed staff. [b]The reality is that long-term employees are going nowhere (except retirement), despite their gripes[/b]. [/quote] But this is not what the attrition stats show! Very large numbers of staff have left and are leaving. The FRB is hemorrhaging staff especially younger more talented people. A lot of people don’t want to work their entire careers there anyway. The pension doesn’t necessarily make up for what you can earn in the private sector. If you’re lazy and untalented then yes you need the pension and should stay there your entire career. [/quote] Young, smart staff with few years of service have oftentimes left the Fed. They’re leaving for better earning opportunities, not for better telework. In fact, the better paying jobs require more office time - ask JPM. [/quote] Yes but if you have to work just as many hours and in office as the private sector then why stay? [/quote]
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