[SoftballMominVA]

Perhaps, but FERS is no more than SSI and a 401K. At the beginning of FERS there was a matching formula, but that has been phased out. It MIGHT be a 1-4 match now, I know there is a match, just not sure what it is. Used to be 2-1 match, at the beginning.

The CRCS was a traditional type pension plan where years in == % of salary. In addition, CRCS recipients did not pay into social security, but into a different fund.

Having a 401K and SSI is not some great pension plan. Most of the money in the plans was generated by the worker.

However, we agree on this point--Private sector pensions used to be more solid too.

[muawiyah]

I made the point very early in this thread that if I had every penney I'd paid into CSRS and FERS and simply put it in T-Bills I'd have a bigger pension than the one I'm drawing now.

Federal employees not only pay for their own retirements, the government mismanages their money!