[freespirited]

Well, I am covered by CSRS, and I have no problem with this. We have done quite well under CSRS. It was a remarkably generous retirement program.

A lot of state programs are even more generous.

[muawiyah]

Yes, there are state programs ~ and as soon as we get a "states can go bankrupt" law on the books, they'll end up getting transferred to that special federal agency that handles pensions for bankrupt companies ~ and then it'll get capped at about $42,000 or thereabouts.

Then none of those state programs will be more generous than the old CSRS, or even the current FERS program!

[Badabing Badablonde]

The states I monitor suck. Cut-backs, furloughs, hiring freezes....their staff are begging for jobs in the federal agencies.

I was hired under FERS, and I will never complain about my job. I get a regular paycheck, insurance, TSP, parking, subsidized mass transit........I work my ass off, but its worth it.