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Reply to "Compensation and pension at Federal Reserve"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]FYI FRB is great place to work, but they fire much more readily than SEC. You get a bump on pay, high pension %, but take on less stability. [/quote] NP but what is the FRB's pension formula? [b] How much is the contribution?[/b][/quote] Employees have a contribution of......$0. It's 100% employer-funded by the FRB. The output calculations are also more generous than the FERS pension given to GS-scale employees and those at the FDIC or OCC. The pension is about 30% higher than than same salary on the FERS pension system. [/quote] Lol What’s it invested in or by whom?[/quote] It's probably part of the Trillion $ account the USA gov't gifted to British Barclays to manage, with a Growth, Value, and Fixed Income 401k like option at a low fee load. Unclear when, how or why they picked that or Barclays. We sure as heck don't have a SWF team managing it with alts, etc. [/quote]
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