Don’t lump federal retirement in with state governments, because they aren’t the same. I don’t know why people are so convinced federal retirement is a gravy train, because FERS is a 401K type retirement program. In other words, federal employees have to save their own money for a decent pension. It’s not a free ride.
The old CRCS is pretty sweet though, however, not many of those guys left. Oh, except Congress of course! No FERS for them!
Enlighten me then... I'm under the impression a federal pension is paid as long as the retired pensioner or their spouse is alive. Which will probably amount to far more than they contributed.
Unlike mine, which amounts to my contribution, my employers match, and any capital gain. Is that incorrect?
If it is I'll stand corrected.