Quote:
Originally Posted by gr8fl4porsche
Of all the people I know today, the only ones comfortable about their future are those who work for the Fed Gov't. It is near impossible to lose your job. Great benefits and wonderful retirement plans. Friend of mine works for the US Treasury. After 20 years she retires with full pay for life.
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TOTALLY incorrect. There are a variety of federal retirement plans dependant on when a person was hired/retired. In a best case scenario someone with 20 years service at age 62 would receive 40% of the average of their highest 3 years earnings. More likely around 35%. Special exceptions for law enforcement/firefighters/ATC's. Federal retirment benefits are generally capped at 80% of high 3 average and that would be someone with 40+ years of service retiring at 62 or older.
Still nothing to sneeze at.