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To: JPJones

FYI...The federal government terminated its defined benefit plan in 1987 and replaced it with the Federal Employees Retirement System (FERS) which is a combination of several components: a small defined benefit feature, Social Security participation, and a 401k like defined contribution feature. All new employees since 1987 went into this system.


5 posted on 07/26/2016 6:57:38 AM PDT by Starboard
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To: Starboard

“a small defined benefit feature,”

LOL.

None of them should even have that.

All of them should get SS, like the rest of us.

None should be able to retire before private sector workers (age 62).


6 posted on 07/26/2016 7:04:49 AM PDT by JPJones ( You can't help the working class by paying the non-working class.)
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To: Starboard
"..The federal government terminated its defined benefit plan in 1987 and replaced it with the Federal Employees Retirement System (FERS) which is a combination of several components: a small defined benefit feature, Social Security participation, and a 401k like defined contribution feature. All new employees since 1987 went into this system.."

Is Congress and the rest of that bunch included in that? d;^)

9 posted on 07/26/2016 7:55:03 AM PDT by CopperTop
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