Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: normy
While I might agree with you on the morality of the situation the cold, hard facts are that the federal retiree gets his retirement pay nicked by an amount nearly equal to what he earned after 20 years in the military. If he is disabled he gets hit with an even bigger nick.

A USPS letter carrier doesn't get a separate USPS retirement and a US government retirement if he should decide to get some other federal government job. He simply gets service time ~ 20 years for just one retirement from the federal government.

What Perri Caliente is getting is a retirement for each separate job working for the same government.

With the average federal government employee starting work with the federal government at the age of 35, if he or she retires (on a "full" ~ cough, cough) retirement at age 55, the retirement will be computed at 20% of high three. He he retires at 65, the retirement will be computed at 30% of high three. If he retires at 75, the retirement will be computed at 40% of high three.

That means the just recently hired federal employee will need to make substantial savings out of his current income in order to have a plush retirement!

107 posted on 12/17/2011 10:00:50 AM PST by muawiyah
[ Post Reply | Private Reply | To 28 | View Replies ]


To: All

FYI I do not respond to posts that use terms like Perri Caliente.


110 posted on 12/17/2011 10:51:05 AM PST by altura (Perry 2012)
[ Post Reply | Private Reply | To 107 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson