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Reply to "Federal pension jealousy "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How much is a federal pension? Ballpark [/quote] That’s a difficult one to answer because you have the old pension (CSRS) and the newer one (FERS). It’s also based on years of service and high 3 salary. Also, there are certain positions (law enforcement) where you are able to retire early and start collecting immediately and get salary enhancements (LEAP) built into salaries/pensions. For example, I was in the old system, employed as a federal agent, had 30 years of service at age 50 (when I retired) and collect 72% of my high 3 salary plus COLA’s. My pension is about $130k. [/quote] But you don’t get social security under old system..just the pension..correct?[/quote]
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