Reply to Tell Your Story: GS-15s Considering Quiting their Federal Government Jobs

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]For those who left, So do you give up the retirement and healthcare?[/quote]

My DH left federal service at age 50 after 20 years.  He moved to a private sector job.  The health insurance premiums were more expensive at his new job, but we just switched to the health insurance for me job (which we should have done years ago because this plan is more generous that CareFirst BCBS FEP program.)

As we understand it, my DH still gets credit for the 20 years that he put in, in terms of his future pension.  So I don't know what you mean that [b]he "gives up the retirement?"[/b][/quote]

he gave up his health insurance PP. That's one of the main reasons people put up with govt pay for decades. [/quote]

At a certain point of low salary, is it worth it? If you still plan to work until age 65 you can get Medicare after that (which is what every private sector worker has to do). [/quote]

1) you can plan to work to 65, but it’s more likely to avoid layoffs if you are in gov service — they value experience over youth. Also your health could prevent you from working and you retire early — if you don’t have Medicare yet that is rough.

2) the Fed health benefit takes the place of Medicare Part B and is amazing, so even at 65 it’s a great benefit

Granted if the lay difference is large enough that would allow you to self fund these gaps; I think $60k year would bridge the loss of health insurance carryover, for example. To insure against layoff, you want to be paid in multiples, like 2x or 3x your current salary. Only lawyers doctors and maybe some tech can pull that off. 
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