CDZ I Just Retired From Civil Service With 34 Years Of Combined Federal Service

[jwoodie]

congrats Mud.....33 years CSR man here....

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.

 

[Harry Dresden]

Congratulations

Nothing beats a Government Pension
Are you CSRS or FERS?

My IRAs will

No it won't. Your IRA's - you paid for. Pensions are 100% FREE money. He contributed exactly $0 to it.
So... no matter how well your IRA is doing (or you claim it is) it will never beat free.

i paid into mine and put in 33 years for the rest....

 

[rightwinger]

Congratulations

Nothing beats a Government Pension
Are you CSRS or FERS?

My IRAs will

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]

Only 33 years? What a lazy son-of-a just don't go and die now.

how many years did you put in?.....

44

maybe i should be saying dont you go and die on us....

 

[Harry Dresden]

congrats Mud.....33 years CSR man here....

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.

state?.....federal for me....

 

[rightwinger]

Yesterday was my last day. Now I'm no longer a federal employee.

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]

Congratulations

Nothing beats a Government Pension
Are you CSRS or FERS?

My IRAs will

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)

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]

...congratulations.

 

[danielpalos]

Congratulations

Nothing beats a Government Pension
Are you CSRS or FERS?

My IRAs will

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)

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.

CEO pay has gone up tremendously, though. For-profit Capitalism who wouldn't love it.

 

[Harry Dresden]

Congratulations

Nothing beats a Government Pension
Are you CSRS or FERS?

My IRAs will

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)

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.

CEO pay has gone up tremendously, though. For-profit Capitalism who wouldn't love it.

capitalism is for profit.....

 

[Blues Man]

Congratulations

Nothing beats a Government Pension
Are you CSRS or FERS?

My IRAs will

No it won't. Your IRA's - you paid for. Pensions are 100% FREE money. He contributed exactly $0 to it.
So... no matter how well your IRA is doing (or you claim it is) it will never beat free.

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]

Congratulations

Nothing beats a Government Pension
Are you CSRS or FERS?

My IRAs will

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)

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]

Welfare Taker, eh? Welcome to our side now. Just in time to vote Biden. Kidding. Congrats.

I Lol'd because that was funny!

 

[CrusaderFrank]

Yesterday was my last day. Now I'm no longer a federal employee.

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All the best!

 

[rightwinger]

Congratulations

Nothing beats a Government Pension
Are you CSRS or FERS?

My IRAs will

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)

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.

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]

congrats Mud.....33 years CSR man here....

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.

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]

Yesterday was my last day. Now I'm no longer a federal employee.

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Welcome to the real world.

Uh...okay.....course..I spent 14 years in the private sector as well including college.

Ur edgumahkayted?

Yeah....4 years of college.

That helped to learn ye to clean terlits...

 

[mdk]

Congratulations on your retirement.

 

[TroglocratsRdumb]

Mud, you beat me by 3 years.
I had 31 years.

 

[mudwhistle]

Yesterday was my last day. Now I'm no longer a federal employee.

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Welcome to the real world.

Uh...okay.....course..I spent 14 years in the private sector as well including college.

Ur edgumahkayted?

Yeah....4 years of college.

That helped to learn ye to clean terlits...

No....I learned that in the Navy.