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To: Whispering Smith
Mr. Felt is a Navy veteran and that service counts toward total Federal service. He had to do something between 1931 and 1942. I suspect that was Navy time. So now we may have a super grade GS-18 with over 40 years Federal service. I think the guy is pulling down over $10,000 per month. Even in California that should pay the bills unless someone has a very bad habit.

His Navy time would count in computing his pension. I wasn't aware of his service. Do you know for how long he served in the Navy? I don't know if he is pulling down $10K a month. As I indicated in post, I made a number of assumptions. I would have to use the SS COLA table to get a more accurate estimate of his pension.

303 posted on 06/02/2005 6:37:50 PM PDT by kabar
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To: kabar

I saw somewhere that Mr. Felt was a Navy veteran. That is apparently wrong. A biography of Mr. Felt can be found here:

http://en.wikipedia.org/wiki/W._Mark_Felt

It shows no Navy service but the Congressional service listed counts as Federal service. So, Mr. felt has 38 years Federal service with at least three years at a top grade of GS-18. The guy is getting at least $10,000 a month from his retirement. I've got no sympathy for he or his family. With that much money over 30 years and living in a garage you have to have put something away unless you have a very bad habit.


350 posted on 06/02/2005 7:53:38 PM PDT by Whispering Smith
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To: kabar

Do you know for how long he served in the Navy?
That was a mistake on my part. He was not in the Navy but was on the staff of two Senators for seven years 1935-1942. That counts as federal service so he has 38 years federal service before selling back sick and unused annual leave. The guy is getting two percent of the average of his top three years times the number of years service adjusted for inflation. Current top grade amount is $162,000. 78% of that is $126,000 or a little better than $10,000 per month.


442 posted on 06/03/2005 1:46:09 PM PDT by Whispering Smith
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