Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

madville

(7,847 posts)

16. Regular federal employees get 1% a year

Reply to Hamlette (Reply #11)

Wed Feb 1, 2023, 02:57 AM

Feb 2023

Federal Law Enforcement and Congress get a little more, around 1.5% a year times years of service.

I had 16 years of federal civilian service, it’s 16% of my high-3 salary years at age 62, I’ll get like $1000 a month. I can take it early at 57 for a 25% penalty and get like $750, better than nothing I guess lol. Definitely gonna take it early and then SS at 62.5, already have military retirement and VA compensation so it’s just a piece of the puzzle.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

23 replies

= new reply since forum marked as read

Highlight:

Person who knows "George Santos" (or whoever he is) knows why Santos went to congress... [View all] CousinIT Feb 2023 OP

I believe a member of Congress GP6971 Feb 2023 #1

Sounds right. Federal employees, however: elleng Feb 2023 #2

Many thanks GP6971 Feb 2023 #3

You're welcome. elleng Feb 2023 #4

There is a carve out for Congress members. Scruffy1 Feb 2023 #14

Vested after 2 years? Other sources say it's 5 years. brush Feb 2023 #18

Federal employees PAY into their retirement and Medicare and SS and any tax deferred savings plan. Samrob Feb 2023 #20

Yes, we do/did pay into our retirement plans. elleng Feb 2023 #21

I just searched and it said.. Yeah, Cha Feb 2023 #5

Yup...screw that POS. GP6971 Feb 2023 #7

Sounds like bullshit Effete Snob Feb 2023 #6

stupid bullsh*t. mostly inaccurate stopdiggin Feb 2023 #8

Amen! The late Speaker Jim Wright often said "We already have them yellowdogintexas Feb 2023 #12

two good arguments stopdiggin Feb 2023 #23

This message was self-deleted by its author tosh Feb 2023 #9

The pension thing is a myth sorcrow Feb 2023 #10

yes, the pension depends on how many years served Hamlette Feb 2023 #11

Regular federal employees get 1% a year madville Feb 2023 #16

sorry, I was wrong Hamlette Feb 2023 #17

That's great for you madville Feb 2023 #19

yes, I worked for state agencies for nearly 30 years Hamlette Feb 2023 #22

Congress ppl don't get full pay when they leave office, no matter how long they have served. progressoid Feb 2023 #13

He's an idiot madville Feb 2023 #15