Remy: Rich Men North of Richmond (Federal Employee Version)

Remy's Reason TV ^ | 25/8/23 | Remy

[Eleutheria5]

LOL

[Sequoyah101]

Not laughing. It is too true. Feral employees make more money with a pension than they did working in many cases.

[1of10]

Well worth a watch ...funny but true ... well ... sad it is true

[sauropod]

.

[SoftballMominVA]

FWIW, current Federal Employees no longer get a pension. That was under the old CRCS plan. The new plan FERS was enacted around 1987. Now they get a 401K like plan and SSI

HOWEVER Congressional members are on the CRCS program still

[usurper]

FWIW, current Federal Employees no longer get a pension. That was under the old CRCS plan. The new plan FERS was enacted around 1987.

Somewhat right but they still get a pension under FERS. The TSP 401K is a supplement to the pension.

I retired in 2010 at 48 after 25 years service. If I can make it to 2035 I will have gotten payed twice at my high 3 level.

Not saying its right, but I can't compline with a strait face.

[Drago]

Looks like the federal pension lives on as the “Basic Benefit Plan”....so a “3’fer”: Social Security, TSP (like a 401k), and the “Basic Benefit Plan” pension.

More info.:

https://plan-your-federal-retirement.com/fers-basic-benefit-plan/

https://www.opm.gov/retirement-center/fers-information/

https://www.tsp.gov/making-contributions/contribution-types/#agencyservice-matching-contributions

https://www.usdebtclock.org