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Old 06-22-2019, 05:08 PM
 
Location: Amelia Island
2,974 posts, read 3,954,136 times
Reputation: 3088

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Quote:
Originally Posted by MLSFan View Post
Not saying the retirement benefits aren't nice, but it isn't like private sector jobs aren't either...

If you got hired today, you have to pay 4.4% into fers; to get that full matching in tsp you need to put in 6% as well. This on top of a 30% lower salary cut for the top end professional job.. you are essentially "putting" away 40% of your private sector pay towards retirement

If any one else put away 40% of their salary towards retirement, they would be able to retire well too... And it wouldn't be called a handcuff...

You only see what you want in order to say how unfair you have it. Or you find some old plans and mix your info to misguide people on purpose. Like blending all the positives from csrs plans with the best of the fers plans and ignoring the disadvantages

Edit by comparison, the fire (early retirement) movement people say retire in 15 years by saving 50% of your income... Govt worked works 30 years and saves 40%... Seems like they got the short end by working 15 years longer
CSRS went away and up to 2010 I believe FERS only took 0.08%. It became a sliding scale afterwards with it going up to where it currently sits. As far as I know your TSP is matched to 5%.

I am not sure where you say I mentioned I have an unfair retirement.........to me the current FERS system is great retirement opportunity. FERS also allows you to retire in your fifties with time and age and you can collect a supplement equal to about 75% of what you would receive from SS at 62. The ability to carry your health benefits is a real good deal.

It has always been quoted that the private sector made way more money but there is a lot of happy federal workers that are perfectly happy with their salary’s which if in the GS pay scale in addition to your yearly COLA’s you have 10 steps so you are continuing to move up in salary at specific timed intervals.
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Old 06-22-2019, 05:11 PM
 
Location: Amelia Island
2,974 posts, read 3,954,136 times
Reputation: 3088
Quote:
Originally Posted by charlygal View Post
One word of caution about taking a paycut for a federal job. If I'm not mistaken, the only way to get a regular raise is if Congress and the President approves it. That's only happened a few times in the last decade.
Not entirely true:

https://www.opm.gov/policy-data-over...eral-schedule/

You will get raises at timed intervals if you are not already topped out at a step 10 within the GS pay scale.
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Old 06-22-2019, 05:27 PM
 
Location: Amelia Island
2,974 posts, read 3,954,136 times
Reputation: 3088
Quote:
Originally Posted by K12144 View Post
Yes, I know. Is that not what I said?
Yes you did, I was just trying to elaborate a little more, my apologies if I offended you.

Most of the time it is not just yes and no, rather:

A. I have no experience with PowerPoint

B. I have knowledge of Power Point but have never used it.

C. I use Power Point but I do so with supervision

D. I use Power Point with little supervision.

E. I am considered an expert in Power Point

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Old 06-22-2019, 05:42 PM
 
Location: Amelia Island
2,974 posts, read 3,954,136 times
Reputation: 3088
Quote:
Originally Posted by Parnassia View Post
Hmm, I don't think I'd describe the current civilian USAJobs document as a resume...its not formatted that way. There are lots of repetitive (but searchable) data fields and format spacing that show up on every one of those 24 pages instead of once.
As I mentioned it is unlike any private sector resume but none the less it is still a resume.

There are two schools of thought on whether to use bullets or traditional paragraphs. The above mentioned 24 page resume was actually tied with a four page resume. The interview was the deciding factor, the one with the four page resume got the job.

If you are creative enough to get picked up by HR it then goes to the a higher level individual at the organization who creates a screen out element and grading criteria. The resumes will be rated against the grading criteria and rated. Your resume needs to have the information needed required in the grading criteria.

From there it depends on the level of position if the position is required to need an interview process.

What should be a simple system isn’t. The best advice I could give is to pay someone with USA jobs experience or if you have a friend in civil service who knows the ropes.
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Old 06-22-2019, 05:53 PM
 
Location: Amelia Island
2,974 posts, read 3,954,136 times
Reputation: 3088
Quote:
Originally Posted by hunterseat View Post
JB I think you summed it up well.

As far as the OP's green Subaru example - it's a great example HOWEVER imo you should rate yourself 5/expert.

I'm not exaggerating about my experience and they interviewed 30 before giving this current job to me (I was their first choice). What's even crazier, I'm female, 58yrs old in a male dominated field and moved from the opposite coast to work here.
I rarely put expert. Actually never unless I am qualified to train someone or if it's a task I've actually instructed. I've seen too many times "your resume has to back up your answer".

Otoh, my young supervisor says put expert on everything.

It's up to you.

If I have no experience in something I Google it, learn a little about it and answer that I've had training on it.
I'm always willing to help anyone. I can get on the phone with both of us looking at the announcement.
About key phrases and tailoring, all true, imo. If the job calls for fork lift experience and your resume says you can operate all warehouse machinery, you need to add the words "including forklift".
Yes to all the above

I think once you start looking at the USA Jobs application differently than you would a traditional private sector job you are on the road to success.

Google can be your best friend.
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Old 06-22-2019, 08:50 PM
 
6,838 posts, read 3,708,603 times
Reputation: 18073
Quote:
Originally Posted by JBtwinz View Post
CSRS went away and up to 2010 I believe FERS only took 0.08%. It became a sliding scale afterwards with it going up to where it currently sits. As far as I know your TSP is matched to 5%.

I am not sure where you say I mentioned I have an unfair retirement.........to me the current FERS system is great retirement opportunity. FERS also allows you to retire in your fifties with time and age and you can collect a supplement equal to about 75% of what you would receive from SS at 62. The ability to carry your health benefits is a real good deal.

It has always been quoted that the private sector made way more money but there is a lot of happy federal workers that are perfectly happy with their salary’s which if in the GS pay scale in addition to your yearly COLA’s you have 10 steps so you are continuing to move up in salary at specific timed intervals.
The fact that FERS allows you to retire in your fifties doesn't mean you can actually do it. That's when you discover the tradeoff of lower pay while working for a retirement plan doesn't actually make up for the loss in pay over those years. They don't call them the "golden handcuffs" for nothing.
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Old 06-22-2019, 11:46 PM
 
Location: Tempe, AZ
4,552 posts, read 3,633,260 times
Reputation: 3625
Quote:
Originally Posted by tnff View Post
The fact that FERS allows you to retire in your fifties doesn't mean you can actually do it. That's when you discover the tradeoff of lower pay while working for a retirement plan doesn't actually make up for the loss in pay over those years. They don't call them the "golden handcuffs" for nothing.
This is a very good point about the pension systems. I do not work for the federal government but I have a 401(a) in my position in a local government. I can retire as early as 50. Assuming I never get a promotion or a raise over the next 26 years (I’d like to assume I’d get both of those things) I would get roughly $1000/month. For the rest of my life.

If I wait until 55 to retire, that would more than double to $2800/month. This is already more than my current take home pay.

If I wait until 65 to retire, I would get approximately $3700/month. Which is way over what I currently make. I got these estimates directly from my 401(a) website.

Then when you factor in the additional savings and things you can get from the extra 5 or more years of employment, then it would be silly to retire early at 50. I think the biggest reason to wait to would be Medicare, but I’m not sure. Granted, unless you have some extenuating circumstances, working five more years makes a lot more sense.

Quote:
Originally Posted by JBtwinz View Post
CSRS went away and up to 2010 I believe FERS only took 0.08%. It became a sliding scale afterwards with it going up to where it currently sits. As far as I know your TSP is matched to 5%.

I am not sure where you say I mentioned I have an unfair retirement.........to me the current FERS system is great retirement opportunity. FERS also allows you to retire in your fifties with time and age and you can collect a supplement equal to about 75% of what you would receive from SS at 62. The ability to carry your health benefits is a real good deal.

It has always been quoted that the private sector made way more money but there is a lot of happy federal workers that are perfectly happy with their salary’s which if in the GS pay scale in addition to your yearly COLA’s you have 10 steps so you are continuing to move up in salary at specific timed intervals.
The retirement system for the feds is a little bit confusing. Is it a 5% contribution rate? If so that is a really good deal. I pay double that in my local government.
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Old 06-23-2019, 12:38 AM
 
10,058 posts, read 4,648,803 times
Reputation: 15280
Quote:
Originally Posted by Prickly Pear View Post
Assuming I never get a promotion or a raise over the next 26 years (I’d like to assume I’d get both of those things) I would get roughly $1000/month. For the rest of my life.

If I wait until 55 to retire, that would more than double to $2800/month. This is already more than my current take home pay.
No it would be less assuming you get raises too. 26 years of inflation would cut it by nearly half. The pension estimate calculators don't tend include inflation adjustments even while they calculate the "growth" or it uses a flat inflation rate
Quote:
The retirement system for the feds is a little bit confusing. Is it a 5% contribution rate? If so that is a really good deal. I pay double that in my local government.
They put in 1% automatically but you need to put in your own money to get to the full 5%. So you put away 6% to get the 5% matching. This is on top of the current 4.4% for fers on new employees. Basically they are forced to put 10% into retirement to get full benefits.

In real terms, a $70k fed job would be a $100k private sector job depending on how you value the pension. But the federal work is living on $60k/year to get full benefits. This is what I meant before that in the early retirement people, if they saved $40k/year, they could retire a lot earlier than the comparable government worker for the same amount of retirement dollars. This isn't even counting if either workers are putting more towards retirement but only to meet the fers and 5% matching.

The golden handcuffs are only golden for people who can't do basic retirement planning and need someone else to do it for them
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Old 06-23-2019, 12:57 AM
 
6,875 posts, read 7,267,992 times
Reputation: 9785
As with anything -- and don't jab me for stating the obvious -- some people feel there are trade off worth making others don't. And still others don't see the considerations as trade offs at all.

A person who's been laid off twice in the past 5 years, and been unemployed for 6 months each time before finding a new job (at whatever pay), sure as heck might be willing to take a pay cut for the "stability" of gov't work. And I think it is fair to say that the majority of people would say gov't work is seen as more stable than private sector jobs. In many places, especially if you aren't covered by a union, I'd say job security in the private sector is not as "secure" as any gov't job, from city, county, state on up.
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Old 06-23-2019, 01:06 AM
 
10,058 posts, read 4,648,803 times
Reputation: 15280
No I get the trade offs, I'm saying that retirement benefits aren't better because of the pension, it is a result of a trade off of letting the government do the retirement planning. The private sector worker can have as nice a retirement too if they planned it out.

But to turn it sideways, more younger people seem to leave the fed jobs than stick around. They take the money in private sector and say they can put it to use better themselves.
https://apolitical.co/solution_artic...s-getting-old/

Wonder how many people on CD that want the fed job would even stick around once they got it
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