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Considering the early age that many public pensions allow you to retire at, you can have your cake and eat it too. Retire early on a guaranteed public pension,
by CWuestefeld 16y ago
Considering the early age that many public pensions allow you to retire at, you can have your cake and eat it too. Retire early on a guaranteed public pension, then take your chances in the private sector.
Or don't take chances. It's very common for bureaucrats to retire to become lobbyists, working for private industry at comfortable salaries in order to exploit the regulatory system for others.
- kenjackson 16y agoI'd actually do it the opposite way. Take your chances when your young and are more willing to work 24/7. When you get older, do the gov't job with the pension ready at the normal retirement age.
- gwern 16y agoYou might have a hard time getting into an equivalent government job, and many government jobs have mandatory retirement ages (which I think are not as common in the private sector); so if you tried that, you could find yourself shut out with not enough years at the high ranks to make the pension worthwhile. Read about cop salaries and notice how much of their pensions are based on their final years out of 20 or 30. ('spiking' and vacation-time etc.)