Slow and steady wins the race.

I would only be jealous of a fed pension if they started 15 years ago. Newer feds pay in a lot more to get the same pension amount so it's lower salary in reality. Sucks.

I would not seek a fed govt job for the current pension offering.....its mice nuts compared to the legacy fed pension that was phased out during the 80s sometime.

Now....pensions are still lucrative at the state/local level across the US, and particularly those working in the public safety positions. Fed Govt - nothing to write home about....its a fraction vs. the legacy fed pension that was overhauled in the 80s sometime.

Trust me on the above...I used to work PT as a tax prepared until a couple of years ago.

Pensions are a scam. They are atrociously expensive for taxpayers, and the only reason people get them is because they happen to work for the only entity on earth (the government) that doesn't care what anything costs. But they're great if you happen to get one. 401ks are not even in the same universe as pensions.

Anonymous wrote:

Anonymous wrote:Because she’s govt workers are scammers and make the rest look bad.

My daughters old public School superintendent of school district retired one school district with a 500k a year pension and went to our school district for bargain price of 400k a year and her husband was a retired principal with a 300k pension.

Her greed is what public sees not the other thousands of low paid hard working
Govt retirees.

My BIL is in a non govt union with equal good benefits. But you need to do 40 years to get full benefits and can’t collect till 65.

Govt should do that

What? No government worker gets a 500k per year pension. And where are superintendents making 400k and principals getting 300k per year pensions? This is some crazy BS.

Nassau county NY does. And when retired they go work on a second school district

Retirement Date Start date Annual Last-Known Employer
James A. Feltman 7/1/10 9/1/69 $327,006 Commack Union Free Schools
Sheldon Karnilow 9/1/11 9/1/68 $323,442 Half Hollow Hills Central Schools
Carole Hankin 11/1/13 12/1/75 $320,547 Syosset Central Schools
James H. Hunderfund 9/1/06 9/1/69 $318,081 Commack Union Free Schools
Thomas C. Shea 6/25/12 2/1/70 $293,862 South Huntington Union Free Schools
Richard T. Brande 9/1/06 3/1/70 $292,505 Brookhaven-Comsewogue Union Free Schools
Shelley Saffer 9/1/10 10/1/67 $290,061 Brookhaven-Comsewogue Union Free Schools
Herb R. Brown 7/1/13 10/1/70 $285,811 Oceanside Union Free Schools
Ronald L. Friedman 8/1/09 9/1/69 $268,463 Great Neck Public Schools
Charles V. Sulc 7/1/13 9/1/69 $255,032 Massapequa Public

Anonymous wrote:

Anonymous wrote:Because she’s govt workers are scammers and make the rest look bad.

My daughters old public School superintendent of school district retired one school district with a 500k a year pension and went to our school district for bargain price of 400k a year and her husband was a retired principal with a 300k pension.

Her greed is what public sees not the other thousands of low paid hard working
Govt retirees.

My BIL is in a non govt union with equal good benefits. But you need to do 40 years to get full benefits and can’t collect till 65.

Govt should do that

What? No government worker gets a 500k per year pension. And where are superintendents making 400k and principals getting 300k per year pensions? This is some crazy BS.

California. Lots of cops, fire fighters, UC system, and public hospital doctors get really high pensions.

https://transparentcalifornia.com/pensions/all/

Anonymous wrote:

Anonymous wrote:Fed pensions are irrelevant these days. Local county and school system pensions are lucrative - but most are getting diluted. I know a school administrator who just retired with a $145k annual pension with an annual COLA indexed to CPI rate.

Which state?

Most of your local county governments and school districts in the DC area still pay out 75% of final 3-years pay (with 25 to 30 years of service credit). You can check on the websites, etc. My understanding is that such defined benefit plans (pensions) are on their way out as well.

Anonymous wrote:

Anonymous wrote:Because she’s govt workers are scammers and make the rest look bad.

My daughters old public School superintendent of school district retired one school district with a 500k a year pension and went to our school district for bargain price of 400k a year and her husband was a retired principal with a 300k pension.

Her greed is what public sees not the other thousands of low paid hard working
Govt retirees.

My BIL is in a non govt union with equal good benefits. But you need to do 40 years to get full benefits and can’t collect till 65.

Govt should do that

What? No government worker gets a 500k per year pension. And where are superintendents making 400k and principals getting 300k per year pensions? This is some crazy BS.

Here I googled it for you.

Michelle Reid, division superintendent, rose from $380,000 to $387,600 starting Jan. 1, 2024.

http://m.fairfaxconnection.com/news/2024/mar/06/can-prospective-public-school-employees-afford-fairfax/#:~:text=Michelle%20Reid%2C%20division%20superintendent%2C%20rose,gross%20monthly%20income%20on%20rent

Only poor under performers who seem to get fired a lot are jealous.

Anonymous wrote:Because she’s govt workers are scammers and make the rest look bad.

My daughters old public School superintendent of school district retired one school district with a 500k a year pension and went to our school district for bargain price of 400k a year and her husband was a retired principal with a 300k pension.

Her greed is what public sees not the other thousands of low paid hard working
Govt retirees.

My BIL is in a non govt union with equal good benefits. But you need to do 40 years to get full benefits and can’t collect till 65.

Govt should do that

What? No government worker gets a 500k per year pension. And where are superintendents making 400k and principals getting 300k per year pensions? This is some crazy BS.

Anonymous wrote:Fed pensions are irrelevant these days. Local county and school system pensions are lucrative - but most are getting diluted. I know a school administrator who just retired with a $145k annual pension with an annual COLA indexed to CPI rate.

Which state?

Fed pensions are irrelevant these days. Local county and school system pensions are lucrative - but most are getting diluted. I know a school administrator who just retired with a $145k annual pension with an annual COLA indexed to CPI rate.

Anonymous wrote:Honestly for me, someone mid 50s who has been laid off twice, my jealousy of government employees is all about the stability and relative lack of worry about job security. Also, those jobs seem to value longer careers and experience more than private sector ones.

+1

The lower pay in public service is offset by the many of us who have been downsized at various points in our career.

I never received any bonuses at my jobs.

Government jobs offer health insurance in retirement, pensions, and the ability to work into your older years.

Anonymous wrote:Because she’s govt workers are scammers and make the rest look bad.

My daughters old public School superintendent of school district retired one school district with a 500k a year pension and went to our school district for bargain price of 400k a year and her husband was a retired principal with a 300k pension.

Her greed is what public sees not the other thousands of low paid hard working
Govt retirees.

My BIL is in a non govt union with equal good benefits. But you need to do 40 years to get full benefits and can’t collect till 65.

Govt should do that

So true.

The former superintendent of my public school district is literally on the run from….someone or someone’s in organized crime. He’s one of the shadiest public employee I’ve ever met. My tax dollars at work. I do wonder how many stolen vehicles I’ve de facto paid to ship to Africa through this guy’s pension payouts…

Federal pension is OK, but not great.

Some of the state pensions are insanely lucrative - California, NY, law enforcement/first responders, NYC garbage men, etc.