COLA Elimination for Federal Employees? (insurance, companies, cost, politicians)
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LMAO...my wife is a GS-14....her pension won’t even be half as much as you claim that you’re getting! In fact, your pension is about 15 grand more than her yearly working salary!
Try again, because that’s BS that you posted.
I think you're wrong. Don't know where you live, but the GS pay scale for "Rest of US" starts a GS-14 Step 1 at over $103K. Depending on where she's working, she could be receiving more than the RUS rate. You do realize that, even if she started her career at GS-14 Step 1, she only stayed there a year before getting a step increase, right?
At $9,000 a month, that is a little over $108K a year. Doesn't look like "about 15 grand more than her yearly working salary" to me.
If the person worked CSRS for 40 years, they could very well be receiving something like 90% of their salary in their retirement. So, yeah, they could be getting $9,000 a month. Is your wife CSRS or FERS? Because where the money comes from in retirement is very different in each of those, thus explaining why her pension may be significantly lower. Just sayin'
I think you're wrong. Don't know where you live, but the GS pay scale for "Rest of US" starts a GS-14 Step 1 at over $103K. Depending on where she's working, she could be receiving more than the RUS rate. You do realize that, even if she started her career at GS-14 Step 1, she only stayed there a year before getting a step increase, right?
At $9,000 a month, that is a little over $108K a year. Doesn't look like "about 15 grand more than her yearly working salary" to me.
If the person worked CSRS for 40 years, they could very well be receiving something like 90% of their salary in their retirement. So, yeah, they could be getting $9,000 a month. Is your wife CSRS or FERS? Because where the money comes from in retirement is very different in each of those, thus explaining why her pension may be significantly lower. Just sayin'
I was thinking that the fed pensions were calculated on base pay only and excluded the additional locality pay.
On that chart, a GS-15 Step 10 makes over $157K a year. I don't really remember if locality is included or not in the pension calculation. I could look it up, but it really doesn't affect the outcome here. Even if not, someone who worked for 40 years & was a 15 step 10 for their high 3 years... would get over $108 ($9kx12) in pension annually.
You might not realize it but at one time many private employers could and did match the benefits of the fed civil service. In fact, some even had better benefits.
You could ask why that is for the most part no longer true.
This is a great point. Instead of trying to race yourselves to the bottom, we should be wondering why we allowed corporations to take everything from employees. Thank your rich overlords.
You might not realize it but at one time many private employers could and did match the benefits of the fed civil service. In fact, some even had better benefits.
You could ask why that is for the most part no longer true.
Globalism. The private sector has to compete. Govt. doesn't.
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