[entropy12]

$60,000/yr x 30 years after retirement at age 51 = $1.8 million

[kevao]

$60,000/yr x 30 years after retirement at age 51 = $1.8 million

So he gets a fixed annual payment regardless of how much he has contributed to his retirement account, and irrespective of how well his investments have done?

So, not at all like the 401(k) we suckers have in the private sector.

[Freedom56v2]

Yes, I remember 30 years ago the govt workers claimed that altho they had great benefits - better health care and did not need to participate in Soc. Sec. and pensions, their salaries were lower than private sector.

Then the thinking turned...”Well we need the best people in government, so we need to pay top dollar...”

I think the average taxpayer has been taken for some ride over the years as we certainly have not gotten the best people as the Swamp draining has certainly shown.