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They all got packages, I bet. Not the ones those that took the buyout offer, but still.
HOLY SHIT - THEY"RE NOT USAID WORKERS - 60 MINUTES LIED
They work for a general consulting company called "XLA" as communications 'experts'. In other words, PR assholes.
In other words, little or no experience that the private sector is likely to be looking for.
Looks like the cost of sheet rockers and carpet installers in the Northeast is going to go down.

In other words, little or no experience that the private sector is likely to be looking for.
Anyone tell them that they need to "learn to code"?
Ceffer says
Looks like the cost of sheet rockers and carpet installers in the Northeast is going to go down.
Those jobs require skills these ex Fed workers do not have.
Karloff says
Anyone tell them that they need to "learn to code"?
world doesn’t need more shitty programmers, we already got Indians for that
Karloff says
Anyone tell them that they need to "learn to code"?
world doesn’t need more shitty programmers, we already got Indians for that
I'm telling you guys, late 80s-early 90s birth year liberal White women are the reason things sucked
OkDOGEisAmountingToSomething says
Anyone retired with a pension such as a federal employee is a millionaire. Just think how much you’d have to save to generate that pension payout during your retirement.
15-20% of your income. it’s really doable. most don’t do it.
I know a veteran in Santa Cruz who retired at 38 after 20 years in the Navy, and has been collecting a pension now up to the age of 86. That's 48 years of pension vs. 20 years of service. I told him that is why the Deep State is trying to harvest him, he is a pain in their wallet and should just DIE, FUCKING DIE ALREADY.
Almost all Federal employees are millionaires at retirement.
A rule of thumb: for every $50,000/year, the pension principal would be worth $1 million.
I'm pretty sure any Federal employee gets at least $50 grand per year at retirement.
Almost all Federal employees are millionaires at retirement.
A rule of thumb: for every $50,000/year, the pension principal would be worth $1 million.
I'm pretty sure any Federal employee gets at least $50 grand per year at retirement.
For Federal Employee Retirement System its 1% a year for each year and I think if they retire at 60, then they get 1.1% for each year based on high 3 year salaries.
So someone with 20 years (a "late hire" who worked 20 years prior as a government contractor) then they would get for an average high 3 year salary of $120,000 as a GS-13
(1.1/100) x 20 x $120,000 = $26,400 per year
Based on a 4% annuity that is like having $26,400 / 0.04, or $660,000 in the bank for the annuity.
AD says
For Federal Employee Retirement System its 1% a year for each year and I think if they retire at 60, then they get 1.1% for each year based on high 3 year salaries.
So someone with 20 years (a "late hire" who worked 20 years prior as a government contractor) then they would get for an average high 3 year salary of $120,000 as a GS-13
(1.1/100) x 20 x $120,000 = $26,400 per year
Based on a 4% annuity that is like having $26,400 / 0.04, or $660,000 in the bank for the annuity.
Are you serious? They get a 401k type investment system that pretty good AND kick ass medical bennies. You are not counting the net present values of those.
AD says
For Federal Employee Retirement System its 1% a year for each year and I think if they retire at 60, then they get 1.1% for each year based on high 3 year salaries.
So someone with 20 years (a "late hire" who worked 20 years prior as a government contractor) then they would get for an average high 3 year salary of $120,000 as a GS-13
(1.1/100) x 20 x $120,000 = $26,400 per year
Based on a 4% annuity that is like having $26,400 / 0.04, or $660,000 in the bank for the annuity.
Are you serious? They get a 401k type investment system that pretty good AND kick ass medical bennies. You are not counting the net present values of those.
The $26,400 per year is the amount they would receive if they retire today, so its equivalent to having a 4% annuity withdrawn from a $660,000 savings account.
AD says
The $26,400 per year is the amount they would receive if they retire today, so its equivalent to having a 4% annuity withdrawn from a $660,000 savings account.
Context I am not sure your are keeping in mind:
Federal worker: I am going to lose my pension!
Private Sector Worker: What's a pension?
OkDOGEisAmountingToSomething says
AD says
The $26,400 per year is the amount they would receive if they retire today, so its equivalent to having a 4% annuity withdrawn from a $660,000 savings account.
Context I am not sure your are keeping in mind:
Federal worker: I am going to lose my pension!
Private Sector Worker: What's a pension?
Yes I appreciate context and yes, "context matters".
I think the argument back in the day (~1980's to 2010) was that a private sector worker received more pay so they could save more in their 401K's and IRA's.
Now from a buddy of mine who works as a "support contractor and naval engineer" at US Coast Guard headquarters, the civil servant counterparts make more money than the private sector.
.
The $26,400 per year is the amount they would receive if they retire today, so its equivalent to having a 4% annuity withdrawn from a $660,000 savings account.
AD says
The $26,400 per year is the amount they would receive if they retire today, so its equivalent to having a 4% annuity withdrawn from a $660,000 savings account.
I think you are missing the inflation indexed component. Once you factor in the increase each year for the CPI increase, the dollar amount of the annuity needed is much, much higher.

https://x.com/60Minutes/status/1891278117915767216