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.
And you know that from reading the articles and discussions about them right here on FreeRepublic.
The claim was that private sector workers, on average, made half or less than the average federal employee ~ and that didn't include the military or postal workers in the mix.
Turns out that your average lawyer makes more in private practice than does the average government lawyer (just for example), and it's the same for physicians, research chemists, and so forth.
Plus, the federal government has only 1 CEO while the private sector has 7 million CEOs, and none of those salaries were included in the computations.
The result was you ended up comparing department store sales clerks against military analysts ~ which is just crazy talk.
But let's go further, federal workers don't get to pad salary in key years to drive up retirement payout ~ that's pretty much a state and municipal trickbag so you'll need to address your comments to those guys, not the federales.
For salary information check out http://www.opm.gov/oca/12tables/html/ex.asp ~ an Executive Level I, the very highest federal salary level, is $199,000 per annum.
That's applicable to Cabinet Secretaries.
You may also wish to consider http://apps.opm.gov/SpecialRates/2012/IndexByOccupations.aspx which goes occupation by occupation.
Now, back to your point which was that you just don't understand how a guy earning $186,000 per year would end up with an $18,600 a year pension? I explained it to you and provided a reference to the system computation. First of all, that guy would need to work 100 years (covered by the FERS system) to get 100% of his high 3 at retirement ~
That means he's going to earn a lot less since he's only been a federal government employee for less than 10 years. if he gets fired now, he can't collect on any of it until he is 62 years of age!
Yes, federal employee retiree benefits just aren't what they're cracked up to be by the uninformed!
Then you'd really pay for it. The old disability retirement system left you with 75% of your current salary, untaxed until age 62! The new system is less generous, but not by much.
I suppose he could put his "Nails" on tour with a Leftwingtard "Geek show" and make a few extra bucks on the deal.