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Anyone Work For The Federal Government?

Not much.

FERS, current retirement system, is based mostly on the TSP (Fed version of 401k). CERS is the much older system that was scrapped in the late 70's to early 80's. That one has the sweet pension.

Best part now is being able to take your health care into retirement.
 
Marlin1975 said:
Not much.

FERS, current retirement system, is based mostly on the TSP (Fed version of 401k). CERS is the much older system that was scrapped in the late 70's to early 80's. That one has the sweet pension.

Best part now is being able to take your health care into retirement.
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seems with the current system you get your pension depend on how long you work for the government if you over the min age. 1.1% per year so after 30 years you can get 33% from your 3 highest years averaged.
 
JTsyo said:
seems with the current system you get your pension depend on how long you work for the government if you over the min age. 1.1% per year so after 30 years you can get 33% from your 3 highest years averaged.
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That’s a best case number you are giving and not taking into account a lot of fees/cost in a FERS retirement. Yea it helps but there’s no telling if it will still be there in the future. They, congress, could change it at anytime and like a lot of people that thought they were in CERS, get cut off to the “new” system.
Like I told people when I did site visits and went over their retirement treat the pension as though its not there. If it is when you retire great. But plan as though you will have to live without it.

Let alone if I was still doing what I do now for another 26years I rather they just take me out back and shoot me. Gov work is busy, boring, and most of it you have little control of. I am getting out of straight HR work for an analyst position I just accepted. Once I get 15years the second they offer early retirement I will probably jump at it unless I can get into something I either enjoy or don’t REALLY dread doing.
 
I think I would fall under CERS since my Federal time started in 1983.

I would retire from the State of CA first, then move to another state and get a Fed job. Work that till I had 10 years in ( I should have about 6 in the Fed system if my military time counts and I assume it would) then pull the plug.

10 years probably wouldn't pay much and I could work longer here but I want the hell out of this state and this job.
 
oldsmoboat said:
I think I would fall under CERS since my Federal time started in 1983.

I would retire from the State of CA first, then move to another state and get a Fed job. Work that till I had 10 years in ( I should have about 6 in the Fed system if my military time counts and I assume it would) then pull the plug.

10 years probably wouldn't pay much and I could work longer here but I want the hell out of this state and this job.
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Its not when you started but when you got your career status if I remember correct. You might fall into CSRS-offset if you got your career status. If you did not get career status then you would not get credit for any federal time you worked before.
 
oldsmoboat said:
I think I would fall under CERS since my Federal time started in 1983.

I would retire from the State of CA first, then move to another state and get a Fed job. Work that till I had 10 years in ( I should have about 6 in the Fed system if my military time counts and I assume it would) then pull the plug.

10 years probably wouldn't pay much and I could work longer here but I want the hell out of this state and this job.
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You're getting funnier and funnier...

You hate the job and the state, rant and bitch about the state government and its policies...yet you draw a decent paycheck, have good benefits, and will get a good pension when you retire...

Then, to add insult to injury, while I'm not one of the "all gubmint workers are teh lazy" folks, most government workers DO NOT work as hard as their private sector counterparts, are not nearly as productive, and many couldn't make it in the "real world doing what they do for the government agency. I spent 7 years working for a local public electric utility.
"We get paid by the hour" is a very common attitude in government service...no one needs to hustle because "if this job is bad...the next one might be worse...so slow down." Government agencies don't need to "show a profit" at the end of the year...so efficiency is a low priority.

Then, you inquire about going to work for the feds...even less efficient than the state...🙄

You've lived on the dole too long...

It comes down to one thing...if you hate your job and California so much. Quit and go somewhere else.
 
Marlin1975 said:
That’s a best case number you are giving and not taking into account a lot of fees/cost in a FERS retirement. Yea it helps but there’s no telling if it will still be there in the future. They, congress, could change it at anytime and like a lot of people that thought they were in CERS, get cut off to the “new” system.
Like I told people when I did site visits and went over their retirement treat the pension as though its not there. If it is when you retire great. But plan as though you will have to live without it.

Let alone if I was still doing what I do now for another 26years I rather they just take me out back and shoot me. Gov work is busy, boring, and most of it you have little control of. I am getting out of straight HR work for an analyst position I just accepted. Once I get 15years the second they offer early retirement I will probably jump at it unless I can get into something I either enjoy or don’t REALLY dread doing.
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From reading that site you linked, seems you won't take a hit as long as you wait until min age to start collecting even if you stopped working before that. It would be hard to quit after 15years I think since you think, if I hang in for another 5, I can get 20%. Plus your pay rate would probably go up. Were you planning on staying in the government and just moving to another position?
 
JTsyo said:
From reading that site you linked, seems you won't take a hit as long as you wait until min age to start collecting even if you stopped working before that. It would be hard to quit after 15years I think since you think, if I hang in for another 5, I can get 20%. Plus your pay rate would probably go up. Were you planning on staying in the government and just moving to another position?
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Not sure. I like to leave Gov and do some things on the side to add to what I have saved up. Me and my wife save as much as we can and don't have fancy cell phone plans, cable, new cars, etc... only debt left is the house and we have a 5-7 year plan for that.

Gov is ok if you like not having much say even if its just dumb that cost extra. Some work is nice but hard to get in those slots.
 
Atomic Playboy said:
Federal employees can retire after ten years? I am in the wrong field...
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Yeah, they can.....if they're over 60 years old. It's designed for people that have retired from somewhere else (say, perhaps, the military? after 20, 25, 30 years??), and go to work for civil service.

That being said, the retirement isn't squat after 10 years. It's really only good for people already drawing some sort of other retirement, who didn't ever pay into social security before, but want to get their 40 quarters in, to qualify. Strangely enough, 40 quarters = 10 years.

Minimum retirement age for most civil service is 57 years old. For your average college grad who just got their bachelor's degree, and comes into civil service, that means 35+ years to retirement. Still want to join? 🙄
 
oldsmoboat said:
I think I would fall under CERS since my Federal time started in 1983. I would retire from the State of CA first, then move to another state and get a Fed job. Work that till I had 10 years in ( I should have about 6 in the Fed system if my military time counts and I assume it would) then pull the plug.
Click to expand...

Not 100% certain on this, but I was told by an employee who was in this situation that if you started in the CSRS system, and then have a break in service and return to Fed. service after the date that FERS came into being, that you get converted to the FERS retirement system.
 
BoomerD said:
:biggrin:

But if you take that pension...aren't you just adding to the problem? 😛
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I have earned my money and retirement. I was never and will never be a deadbeat. I have worked both in the private sector and the public sector. There are slackers in both. It's just easier to get rid of them in the private sector. Most managers in the public sector are too afraid to try to get rid of someone unless that person really stepped on their dick.
 
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