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To: dragnet2
Depends on which government ~ California and Michigan and Illinois have quite munificent state and local government retirement plans.

If you retire at 50 as a federal employee, and were hired in at the average age of 35 ~ that would mean you would have 15% of your high three average years salary. This would be discounted 2% per year for every year under 56. So that would be a 12% trim job on your 15%, leaving you with 3% of your high 3 annual salary.

Let's say that salary was $75,000 per annum. Your 3% retirement would amount to $2,250 per annum!

I know there are folks in this world who'd be happy to get that amount but Freepers?

50 posted on 07/10/2012 6:26:55 AM PDT by muawiyah
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To: muawiyah

Ya seen any nut cases around here suggesting federal employees are no different than private sector, are underpaid, have lousy benefits, with millions being laid off?


59 posted on 07/10/2012 9:31:09 AM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: muawiyah
So you agree with Obama, "The private sector is fine, it's the government employees who need the help".

Yukyukyuk...

I'd bet money, at least 40 percent of people posting here are on the tax paid government welfare teet.

60 posted on 07/10/2012 9:35:10 AM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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