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To: precisionshootist
62 with less than 20 years in the system, but it's not what you might call 'a full retirement' because ALL federal retirements (outside of the 401(k) style thrift savings plan) are heavily discounted.

Qualifying for the system takes only 5 years, but you only get 1% of your high three per year over your period of employment (if you retire before 62) or 1.1% if you retire at 62 or after.

This guy would probably still be well under 10% of his high 3, so even if he'd been making $186,000 per year, his retirement would be $18,600 per annum. Go here to see the cold hard facts of federal retirement: http://www.opm.gov/retire/pre/fers/computation.asp#hi3

A "failed crucifixion" that left him alive but badly maimed would qualify him for a disability retirement ~ something most folks would prefer not having if they could avoid it.

I"d expect him to object strenuously to not getting the full treatment.

17 posted on 04/28/2012 2:59:14 PM PDT by muawiyah
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To: muawiyah
It's well documented the average federal worker is making over twice that of a private sector comparable job. It's also well known of the "Padding" of the salary in key years to drive up retirement payout, unpaid vacation, and all sorts of other tricks which amount to nothing more than scamming the taxpayers.

I'm not sure where you are getting a federal worker who makes 186k would only get 18k per year. That's just nonsense. These guys are soaking the taxpayers at an unbelievable rate.

Try to "qualify" for retirement in the private sector and guess what? You can't qualify for something that does not exist. We in the private sector have to PAY FOR OUR OWN RETIREMENT and pay for all those in government.

I know someone in a typical federal government job. He is making over 200k and will retire soon with a pension greater than most people make while they are working. He is not yet 50 years old!

This system simply can't continue and it won't.

18 posted on 04/28/2012 4:17:47 PM PDT by precisionshootist
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