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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?


To: ManyMoose who wrote (65443)6/2/2013 2:26:10 AM
From: Jack Be Quick  Read Replies (1) | Respond to of 71588
 
“FERS (Federal Employees Retirement System) employees get
matching funds for their contribution, the amount of which, within limits, is
voluntary.”


Hmmm... Checking it out, it appears that when the FERS employee puts in 5%, the feds match that 5%. Pretty much what everyone in the private sector gets, along with social security, isn’t it?

http://www.plan-your-federal-retirement.com/fers-tsp-match.html

Nice work if you can get it. (Though, for a fig leaf, not as generous as many state and local employee pension plans.)



To: ManyMoose who wrote (65443)6/5/2013 11:52:26 PM
From: greatplains_guy  Read Replies (1) | Respond to of 71588
 
hat is complicated like most retirement programs are. Government retirement benefits used to be much better than in the private sector. Now the pay for government work is also higher.