Posted on 03/17/2018 5:16:46 AM PDT by Kaslin
That's gonna leave a mark!
But not much, since one could 'retire' sooner than the date you are entitled to FULL benefits.
I did; 1 1/2 years early and lost 2% of my pay a year; so about 3% reduction.
This was easily made up in yearly cost of living adjustments that increase FASTER than Government wages do!
But how many total years of service did he have?
When I retired (1995) it was 30.
Really?
How come I didn't get this perk??
I didn’t get one of these; either!
Dismiss those 'reports'.
Here are the current pay rates.
No one is going to get MORE on retirement than for working. (Everyone would 'retire'; wouldn't they!!)
https://www.opm.gov/policy-data-oversight/pay-leave/salaries-wages/salary-tables/pdf/2018/DCB.pdf
This was me!
Remember WIN buttons from Ford??
We were gonna Whip Inflation Now and show private industry how to do it!
While the rest of America was racking up double digit raises for about 3-4 years; we were held to 5.5%.
A LOT of good workers QUIT and went to private.
We lost thousands of man years of experience in that debacle!!!
No; we never get get caught up. Folks who stayed had too much invested by then and just went through the motions until they; too; retired.
The people who had retired BEFORE the WIN episode, ended up making more money retired than working, due to COLA raises yearly while WIN was in force.
https://en.wikipedia.org/wiki/Whip_inflation_now
But if they DON'T get that second career; someone ELSE will, and therefore the amount of money leaving government coffers is STILL the same; just going to different people.
We had folks retire and come back as 'consultants' because they were the ONLY folks who knew the job!
(Yeah; they DID get more money for that.)
“But if they DON’T get that second career; someone ELSE will, and therefore the amount of money leaving government coffers is STILL the same; just going to different people.”
So you’re a double-dipping gov worker and you’re here trying to justify it?
How ‘bout all gov workers get NO pension but only SS, like the rest of us?
All the present gov pensions double-dipped and otherwise, should be rolled into SS and then WE CAN ALL RETIRE AT 50 YEARS OLD.
I guess your coverage is shitter than mine :0)
Did I say ANYTHING like this?
How ‘bout all gov workers get NO pension but only SS, like the rest of us?
Sorry to burst your bubble, but I paid MORE into my retirement account than any SS payments that have been made by others.
I get NO SS.
The system for G'vmt workers HAS been changed and is a LOT less reliable than the old way.
Likewise; you've no clue about mine.
You are making assumptions based upon many differing things you've heard about over the years.
“Sorry to burst your bubble, but I paid MORE into my retirement account than any SS ....”
Sorry to burst YOUR bubble but I paid MORE into YOUR retirement account than I could afford.
Still am.
Your welcome.
Thank you!
SS was NEVER designed to pay for the things dragging it down now.
It’s a Ponzi scheme how can you expect it to?
Is “axed” better than Hanged?
Like the factory: 50 years old, but 30 years of service. Long enough.
My father was a city worker no SS, but he paid into a pension and saved. He did better without the SS.
And we are living a HELL of a lot longer; too!
NO one saw the big advances in medicine when SS was first passed into law.
Yep!
You were supposed to die before you could collect!
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