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Reply to "Why does everybody think Feds are so underpaid?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]The Fed employees get awesome retirement packages [/b]that are almost non existent for private sector. They also can work 40 hour week. [/quote] Only if they started working more than 25 years ago under the old retirement system. [/quote] +1 Honestly I find that Joe Public has NO IDEA what the federal pension system is - they just think we get millions somehow....[/quote] I'm a fed and I think the pension package is pretty good although not as good as CSRS. Say you were retiring today under FERS with 25 years of service at age 65 and you made $100K (let's assume this salary was constant for the last three years given the pay freeze). You'd be getting $27,500 per year plus social security plus 401(k) draws. You won't be rich for sure but you'll be comfortable.[/quote]
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