How much (percentage of pre-tax income) do US federal workers have to pay into their pension fund?
I work for the Aussie federal government and it would be interesting to compare.
almost noone here in the States in private employment get defined pensions anymore (as newly hired employees anyway, as opposed to older employees grandfathered under old plans).
why should I pay for govt employees to have better retirement than I will ever have? Its like paying for
other peoples kid’s to go to college...
FEDERAL WORKERS PAY NOTHING
AND TO TOP IT OFF THE FEDERAL GOVERNMENT DOES NOT PAY ANYTHING INTO AN ACCOUNT EITHER, THEY JUST PAY THEM OUT OF CURRENT TAXES WHEN THEY ETIRE
it like this- if i told you to give me all your retirement money, and i spend it all, and tell you i will pay your retirement out of my paychecks when you retire