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Money and Finances
Reply to "58 and no savings and no pension"
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[quote=Anonymous][quote]Thank you for posting this because I was confused by the numerous people on this site saying "WE HAVE TWO PENSIONS." I just read someone saying on the money forum, "WE HAVE FOUR PENSIONS." When I told DH this, who worked for the Feds for nearly a decade, two decades ago, he said no way, that even then the govt didn't have a real pension program. Since he's turning 50, maybe these people are all 55+. He has his TSP, but I'd wondered what pension means these days. [/quote] The old pension system was changed in 1987, I think. And I keep seeing the blockhead statement that the current, 1% per year pension reduces Social Security income by an equal amount. That is BS.[/quote]
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