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A gov-backed retirement plan actually is nice. You don’t have to worry about losing your Chrysler pension because they went out of business.
by kulahan 10mo ago
A gov-backed retirement plan actually is nice. You don’t have to worry about losing your Chrysler pension because they went out of business.
- bink 10mo agoAmusingly, there's actually a government agency that takes over pension plans from failed companies. PBGC.
- actionfromafar 10mo agoYet another corporate welfare mechanism.
- Jtsummers 10mo agoAs I wrote in another comment, US Tech Force participants doing 2-year stints won't qualify for the gov't backed retirement (unless they were prior military, prior civil service, or find a non-term appointment to follow this stint with). You need three years to keep the 5% TSP (401k equivalent) match, which is similar to many private companies. You also need 5 years to qualify for FERS (if you quit before then you can get your contributions back, but that's optional as you may want to come back to gov't later and have the years count).
- testing22321 10mo agoWhat I meant was that in developed countries these things are the utter minimum, required by law. I don’t think it’s worth advertising you offer the bare minimum. Nothing to be proud of