Sounds like you guys missed the height of "affirmative action" in the 70's. White males were persona non grata and virtually excluded from promotions in CA state government. I put in 12 years before quitting. Congrats on sticking it out.
CDZ I Just Retired From Civil Service With 34 Years Of Combined Federal Service
- Thread starter mudwhistle
- Start date
Harry Dresden
Adamantium Member
i paid into mine and put in 33 years for the rest....
rightwinger
Award Winning USMB Paid Messageboard Poster
- Aug 4, 2009
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I am retired and have both
My Govt pension is much more valuable than my Thrift Saving (401k) which depletes over time and is subject to the whims of the market (and taxes)
Harry Dresden
Adamantium Member
maybe i should be saying dont you go and die on us....
Harry Dresden
Adamantium Member
state?.....federal for me....
rightwinger
Award Winning USMB Paid Messageboard Poster
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The best part is to take your pension and go back to work at hopefully the same pay
I retired from the Federal Govt at 55 with 33 years
I was rehired in almost the same job as a contractor and almost doubled my salary
iamwhatiseem
Diamond Member
Old fashioned pensions are nearly extinct on the private side. Just one of the benefits taken away by corporatism.
I am extremely fortunate to have worked for a company from 85 to 2001 that had a REAL pension. Even though it is only 16 years of build... it's face value today is just under $325,000. And I never contributed one cent to it. If companies didn't phase them out... that value would be well over $1,000,000 and I would have retired no later than 62.
danielpalos
Diamond Member
- Banned
- #28
...congratulations.
danielpalos
Diamond Member
- Banned
- #29
CEO pay has gone up tremendously, though. For-profit Capitalism who wouldn't love it.
Harry Dresden
Adamantium Member
capitalism is for profit.....
Blues Man
Diamond Member
- Aug 28, 2016
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I don't think so.
Haven't you learned yet that there is no such thing as free?
Federal employee retirement system (FERS)
The FERS retirement system became effective in 1987, and almost all new Federal civilian employees hired after 1983 are automatically covered by this new system. The retirement system is a three-tiered retirement plan. The three components are:
www.commerce.gov
Federal civilian employees under FERS are required to contribute a percentage of salary to receive future benefits from the system’s defined-benefit annuity.
Blues Man
Diamond Member
- Aug 28, 2016
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Between my Roth IRAs and my Roth 401k
I will never run out of money in retirement.
I have been maxing both out since I was in my late 20's.
CrusaderFrank
Diamond Member
- May 20, 2009
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I Lol'd because that was funny!
CrusaderFrank
Diamond Member
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All the best!
rightwinger
Award Winning USMB Paid Messageboard Poster
- Aug 4, 2009
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I wish I had put more money into Roth IRAs
Making tax free contributions was just so tempting. But when you withdraw and pay tax on it, you realize you do not have as much in retirement savings as you thought
AZrailwhale
Diamond Member
I can attest to that, I wanted to be either a CHP or LAPD in those years. I took both tests and oral interviews. I scored above the 95th percentile in both and was informed that neither department would be hiring anything except women or minorities for the foreseeable future.
Moonglow
Diamond Member
That helped to learn ye to clean terlits...
TroglocratsRdumb
Diamond Member
- Aug 11, 2017
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Mud, you beat me by 3 years.
I had 31 years.
I had 31 years.
- Thread starter
- #40
No....I learned that in the Navy.
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