Zone1 Our tax dollars are funding the richest pension program in the US for Federal workers. WHY?

[MarathonMike]

The FERS program is far superior than nearly all private sector companies compensation programs. WHY? With over 2 million Federal workers already, the FERS program is a ticking time bomb for future generations. Federal Government retirement should be on a par with the private sector.

Obviously anyone already drawing FERS retirement would not be affected but FERS should be greatly reduced or replaced going forward.

How Do Federal Retirement Programs Differ From The Private Sector? | FedSmith.com

There are several big advantages that federal retirement programs offer over the average private sector plans.

www.fedsmith.com

 

[Thunk]

Why do you thunk they call it the F-ERS?

 

[1srelluc]

And thank goodness for it! It allows me and mine to live well in retirement.

That said health insurance at retirement is not free as some would believe. It costs us around $600.00 a month and that is more of a gap insurance for Medicare....That said it is top notch and the same as the congress critters get depending on the options you sign-up and pay for.

LOL.....It's one of the few .gov things that was promises made, promises delivered.

Yeah, I know it galls those in the private sector but, well, it's not my fault that the ,gov is bloated.

Remember a full 25% of Biden's jobs "created" were in fed, state, and local government.....Trillions in grift money (that the uniparty approved) will do that.

 

[alang1216]

The FERS program is far superior than nearly all private sector companies compensation programs. WHY? With over 2 million Federal workers already, the FERS program is a ticking time bomb for future generations. Federal Government retirement should be on a par with the private sector.

Obviously anyone already drawing FERS retirement would not be affected but FERS should be greatly reduced or replaced going forward.

How Do Federal Retirement Programs Differ From The Private Sector? | FedSmith.com

There are several big advantages that federal retirement programs offer over the average private sector plans.

www.fedsmith.com

The deal was always the same as for other gov't jobs, teachers for instance. You get paid less than the private sector but you have a secure pension if you stay. A good percent of FERS is through social security.

 

[Harry Dresden]

i am one of the last civil service retirees.....i never paid into SS....

 

[westwall]

The FERS program is far superior than nearly all private sector companies compensation programs. WHY? With over 2 million Federal workers already, the FERS program is a ticking time bomb for future generations. Federal Government retirement should be on a par with the private sector.

Obviously anyone already drawing FERS retirement would not be affected but FERS should be greatly reduced or replaced going forward.

How Do Federal Retirement Programs Differ From The Private Sector? | FedSmith.com

There are several big advantages that federal retirement programs offer over the average private sector plans.

www.fedsmith.com

Graft and corruption I believe it is called.

 

[MarathonMike]

i am one of the last civil service retirees.....i never paid into SS....

As I said, anyone who is already receiving FERS benefits should be exempt. In my opinion it is critical to replace FERS with a program that is inline with private sector retirement programs.

 

[MarathonMike]

A good percent of FERS is through social security.

A good percent is not part of social security. I had no pension through my private sector company. I had a 401K plan which is what government workers should have and no more.

 

[alang1216]

A good percent is not part of social security. I had no pension through my private sector company. I had a 401K plan which is what government workers should have and no more.

Pensions used to be the norm if you worked for a big organization because they are great. A 401K should be the backup and Social Security should be a retirement plan of last resort. Just because you got screwed doesn't mean you should want to screw other people.

 

[martybegan]

The deal was always the same as for other gov't jobs, teachers for instance. You get paid less than the private sector but you have a secure pension if you stay. A good percent of FERS is through social security.

The thing is the pay for government work is more and more on par or exceeding equivalent private sector work in many cases.

 

[Mr Natural]

The thing is the pay for government work is more and more on par or exceeding equivalent private sector work in many cases.

Then get yourself a government job and quit your ******* whining.

 

[martybegan]

Then get yourself a government job and quit your ******* whining.

Yes, all government jobs worked so well for the Soviets.

 

[Mr Natural]

Yes, all government jobs worked so well for the Soviets.

We are not the Soviets, asshole.

 

[martybegan]

We are not the Soviets, asshole.

We are working our way there, with the proud applause of the left.

 

[Mr Natural]

We are working our way there, with the proud applause of the left.

Been hearing this bullshit for last 70 years.

What the hell are they waiting for?

 

[westwall]

We are not the Soviets, asshole.

You're sure trying to be.

 

[martybegan]

Been hearing this bullshit for last 70 years.

What the hell are they waiting for?

They aren't. they have been working on it for decades.

It's the old boil the frog slowly trick.

 

[Mr Natural]

They aren't. they have been working on it for decades.

It's the old boil the frog slowly trick.

You do realize that paranoia is a treatable mental condition?

 

[westwall]

You do realize that paranoia is a treatable mental condition?

It's not paranoia when it's true.

 

[martybegan]

You do realize that paranoia is a treatable mental condition?

You do realize this is a zone 1 thread and your usual methods don't work here?