Federal Retirement Benefits 'Very Generous'

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SamCooper
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Joined: Sun Jan 29, 2017 10:58 pm

Federal Retirement Benefits 'Very Generous'

Post by SamCooper »


crondanet5
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Re: Federal Retirement Benefits 'Very Generous'

Post by crondanet5 »

That's because the rest of society has screwed up retirement. How dare government employees think they can get a nice pension!


Scorpio70
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Joined: Thu Dec 24, 2015 11:49 am

Re: Federal Retirement Benefits 'Very Generous'

Post by Scorpio70 »

Maybe at one time it was, but now it is a pittance. They told us that FERS was a three legged stool FERS, SS, and TSP. Now they want it to be a 1.5 legged stool.

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bamablue
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Re: Federal Retirement Benefits 'Very Generous'

Post by bamablue »

There has been a rash generalization of "Federal Employees" by the media and the general public. There are many reasons why this isn't true, but we'll have to accept for now that this is the reality we have to live with. Unfortunately, we are all painted with the same broad brush. The public believes the stereotype of the bureaucratic, do-little, clock-watching, paper-pushers living off the largess of society. While there are certainly pockets of malaise in EVERY walk of life, the reputation for "Federal Employees" is something that will influence policy decisions.

On a personal note.... my decision to become a Federal Employee was a continuation of my service after retirement from the Army. I look at it as good old, corny service to the Nation that I love and don't really give a crap what brush they paint me with, or what benefits are meted out. I live in the greatest country in the world; If I don't like my situation, I'll use my freedom find something better.
Last edited by bamablue on Thu Jun 22, 2017 11:34 am, edited 1 time in total.

OkieTSPer
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Joined: Mon Jun 06, 2016 2:44 pm

Re: Federal Retirement Benefits 'Very Generous'

Post by OkieTSPer »

Well said Bama.

ron.logan
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Joined: Fri Apr 28, 2017 11:24 am

Re: Federal Retirement Benefits 'Very Generous'

Post by ron.logan »

Bama, what is your flag/avatar? St George?

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dougellen1
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Re: Federal Retirement Benefits 'Very Generous'

Post by dougellen1 »

Bama couldn't have said it better.....Me too!!!

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bamablue
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Joined: Tue Jul 24, 2012 11:40 am

Re: Federal Retirement Benefits 'Very Generous'

Post by bamablue »

ron.logan wrote:Bama, what is your flag/avatar? St George?


It is the Cross of St. George, the icon for the State of Alabama.

sunny
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Joined: Sun Dec 04, 2011 1:28 pm

Re: Federal Retirement Benefits 'Very Generous'

Post by sunny »

Does this affect those who are retiring in a year or two?

fleabag
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Joined: Sat Apr 01, 2017 1:04 pm

Re: Federal Retirement Benefits 'Very Generous'

Post by fleabag »

sunny wrote:Does this affect those who are retiring in a year or two?


Right now these are only proposals, not legislation. Trump will have a very hard battle to get even a fraction of what he wants. So I wouldn't be too concerned at this point. Anyone retiring in the next few years hopefully won't be affected.

fleabag
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Re: Federal Retirement Benefits 'Very Generous'

Post by fleabag »


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ArrieS
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Re: Federal Retirement Benefits 'Very Generous'

Post by ArrieS »

fleabag wrote:And then there's this...

https://federalnewsradio.com/pay-benefi ... -cbo-says/


"In total, federal employees with a high school diploma or less earn on average 53 percent more than their counterparts in the private sector, while federal workers with a bachelor’s degree received 21 percent more in compensation."

I wonder how many of those High school diploma or bachelor's only are veterans. I would hazard a guess most of those with only a high school diploma are veterans. Also, a large part of the bachelor's only are also veterans. So any attack on benefits is really an attack on veterans.

I know as a veteran the time I EARNED serving was earned at a rate of of 2.5% towards a pension. I didn't serve long enough to get one and I had to BUY IT BACK for 1.1%. So I already earned it at a higher rate of 2.5% only to have to pay for it again at a lower rate. I also get nothing towards the TSP which is suppose to be part of the three legged retirement system of FERS for that same time.

So really, I had to pay for something I already earned and am also missing a leg of a of the three legged retirement stool.
OCTOBER: This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August, and February. - Pudd'nhead Wilson's Calendar

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bamablue
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Re: Federal Retirement Benefits 'Very Generous'

Post by bamablue »

Veterans are 31% of the total "Federal" workforce... In 2016, 623,000 veterans working in civilian federal jobs out of the 2 million federal employees. The DoD as you might expect has a higher percentage, 47 percent of the Department of Defense’s 320,000 civilian employees are veterans.

I thought this number would be higher, but this is what the CBO 2016 report says.

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Snapdragon
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Re: Federal Retirement Benefits 'Very Generous'

Post by Snapdragon »

I'm getting nervous. I hope we all get to keep COLA and the supplement. Hubby retires soon and I still have a long while.

Republicans need to pull their heads out of their 4th point of contact on several issues before they lose the midterms

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