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The pension has been slowly getting worse and worse though. With the newest version of FERS we are at 1% per year at service annuity partially financed with a 4
by mljoe 9y ago
The pension has been slowly getting worse and worse though. With the newest version of FERS we are at 1% per year at service annuity partially financed with a 4.8% employee paycheck deduction.
- maxxxxx 9y agoThat's possible but it's still a great deal compared to saving for retirement yourself. And if you work in Congress you often get an accelerated schedule so one year there counts for several years toward your pension.
- mljoe 9y ago>And if you work in Congress you often get an accelerated schedule so one year there counts for several years toward your pension. That's true, but the only real people who benefit is the Member and maybe their CoS. Congress staffers make joke salaries in general. The reason people take those jobs is either a sense of duty or as the requisite training program to become a lobbyist.
- maxxxxx 9y agoThere are two types of staffers. Some of them make very good money (way above 100k) and others do it for the idealism.