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re: Resigned and Retired. Last day is Thursday

Posted on 2/24/25 at 9:42 am to
Posted by weptiger
Georgia
Member since Feb 2007
11205 posts
Posted on 2/24/25 at 9:42 am to
59 and private sector guy that took the separation (early retirement) package at the end of July, chose to take some time and hung out at the house for six (6) months and just started back to work a few weeks ago.

Go back to work until 65 or 67 is more than likely your best option
from the standpoint of cheaper benefits.
Posted by N2cars
Member since Feb 2008
34066 posts
Posted on 2/24/25 at 9:44 am to
TYFYS.

Sincerely.

We enjoy many freedoms in this country because a lot men and women took an oath and swore to protect those freedoms.

Enjoy your retirement.
Posted by REB BEER
Laffy Yet
Member since Dec 2010
17061 posts
Posted on 2/24/25 at 9:47 am to
quote:

I’m only 60 so I cannot stay at home.


Says who?
Posted by AwgustaDawg
CSRA
Member since Jan 2023
11166 posts
Posted on 2/24/25 at 10:15 am to
quote:

This thread is boomers complaining about retirement meanwhile millenials will be forced to work til they die



When they finally manage to turn over the Social Security Trust Fund over to the bankers and the bankers manage to steal 99% of it for their own ends Americans will, indeed, be working until they drop dead like we did prior to enactment of the social security act. America was great in the 1920s and 30s and we can't return to that greatness fast enough for some folks who ought to know better....
Posted by VABuckeye
NOVA
Member since Dec 2007
37478 posts
Posted on 2/24/25 at 10:21 am to
quote:

America was great in the 1920s and 30s


Did you really just post that America was great during the Great Depression? SMH.
Posted by BigGreenTiger
Member since Mar 2022
367 posts
Posted on 2/24/25 at 10:25 am to
quote:

America was great in the 1920s and 30s and we can't return to that greatness fast enough for some folks who ought to know better....



This is the typical voter in America.... this is why we are all fricked.
Posted by AwgustaDawg
CSRA
Member since Jan 2023
11166 posts
Posted on 2/24/25 at 10:26 am to
quote:

This idea that OP is destitute is simply ignorant. He needs to go live life.


I don't know if anyone other than the OP is in a position to know where they are financially. They said they could not stay home...that can mean they can't stand the thought of staying at home because its boring or that they can't afford to stay at home. They are 60 years old and probably making a low 6 figure salary. They have probably been saving as much as they could in the TSP account and have probably done some retirement financial planning. They may well be on the way to having a couple of million in their TSP in 7 years at FRA and will have maxed out social security, their TSP and their pension. They decided to resign so they probably have an idea of where they are financially....if they resigned and aren't set financially they may have to adjust their expectations and life style....
Posted by AwgustaDawg
CSRA
Member since Jan 2023
11166 posts
Posted on 2/24/25 at 10:43 am to
quote:

Throwing shade on contractors is pretty ballsy considering that contractors actually do the work for an agreed upon price and there is almost no opportunity to "steal:" anything.


Becthel and AECOM

They agreed to pay back $57.75 Million that they stole on this one.

CH2MHILL

They agreed to pay back $18.5 Million that they stole for exactly the same thing on the exact same project.

Thats $75 million stolen on one contract and one project at one DOE site. There are THOUSANDS of similar cases across multiple federal contractors....and these are the ones that are caught, not the ones that go on for years and years because the regulators we hire to prevent it are making about $80k a year and there ain't nearly enough of them and now we are getting rid of even more. Government contractors are notoriously corrupt and have been in all forms since they first came into existence. Suggesting otherwise is laughable.
Posted by HattiesburgTiger5439
Hattiesburg ms
Member since Sep 2023
664 posts
Posted on 2/24/25 at 10:54 am to
Coach kids peewee sports
Posted by Basura Blanco
Member since Dec 2011
10579 posts
Posted on 2/24/25 at 11:02 am to
Im 57 and own my own residential design/build company so I will likely just slow down at some point, and do more design than build with no set time to actually retire.

That said, I have thought about it and I would like to do one of two things. I would get a job on a grounds crew of baseball team (likely a minor league team like the Pensacola Wahoos),or transition into boat design.

The grounds crew job would likely be just for one summer. It would keep me in shape, get to be outside a lot, and could quit on a whim if I didnt like it. The boat design thing would be a second career and while it sounds fun, would be a much bigger commitment involving training and likely relocating. So, cutting grass it is.
Posted by AwgustaDawg
CSRA
Member since Jan 2023
11166 posts
Posted on 2/24/25 at 11:08 am to
quote:

Did you really just post that America was great during the Great Depression? SMH.



Yes, sarcastically, I certainly did......
Posted by cheobode
Member since Dec 2017
1413 posts
Posted on 2/24/25 at 11:11 am to
quote:

Federal pension does not compare to state/local.


I'm in local government. We get 3% per year so when I'm eligible to retire at 58 after 30 years of employment, I'll be at 90% of my highest 3 salaries.
Posted by N2cars
Member since Feb 2008
34066 posts
Posted on 2/24/25 at 2:07 pm to
Time card fraud over a period of 10 years.
From 2009-2019. That government oversight was doing a helluva job.
At least the government got paid back.


How come all those 30-40% aren't catching them sooner? Why did it take 10 years?

If contractors are notoriously corrupt, why do all those procurement "professionals" continue to award them to those companies?



Posted by Muahahaha
Ohio
Member since Nov 2005
6502 posts
Posted on 2/24/25 at 2:16 pm to
Congratulations, and enjoy whatever you want to do!
Posted by Muahahaha
Ohio
Member since Nov 2005
6502 posts
Posted on 2/24/25 at 2:17 pm to
delete
This post was edited on 2/24/25 at 2:22 pm
Posted by TimeOutdoors
LA
Member since Sep 2014
12848 posts
Posted on 2/24/25 at 2:18 pm to
quote:

39 years with the Government and now what? I’m only 60 so I cannot stay at home. Confusing times


Volunteer. Stop by the LSU ag office and join the Master Gardners Program. Volunteer with Habitat for Humanity. Train for a half marathon. Spend a month or two hiking the Appalachian Trail.
Posted by El Segundo Guy
SE OK
Member since Aug 2014
10824 posts
Posted on 2/24/25 at 2:19 pm to
Get into some good hobbies.

I retired young and I fish year round on my boat and built a nice woodworking shop i do projects in.
Posted by AwgustaDawg
CSRA
Member since Jan 2023
11166 posts
Posted on 2/24/25 at 2:41 pm to
quote:

Time card fraud over a period of 10 years.
From 2009-2019. That government oversight was doing a helluva job.
At least the government got paid back.


How come all those 30-40% aren't catching them sooner? Why did it take 10 years?

If contractors are notoriously corrupt, why do all those procurement "professionals" continue to award them to those companies?



The case went on for nearly 7 years. Why wasn't it caught quicker? It was. Literally within days initially. The courts and congress urged the regulator to let the contractor work it out on their own. They ignored every opportunity to fix the problem because they knew when they paid up what they would pay would be NOTHING compared to what they earned.

This is a case of performance based contracting where award fee was on the table....a bonus for performing above and beyond expectations. This is the way MOST federal contracts are written as they incentivize the contractor to do more than a bare minimum. This is a $1+ billion a year project that has been ongoing for 25 years now. In order to receive the award fee the contractor had to show an effort to be on time and on schedule. IN order to do this they would have their employees scheduled for 7-12s when they did not have enough work to keep them busy for 40 hours a week. The DOE knew this, took the contractor(s) to task for it and the courts and congress weighed in and told the DOE basically you gotta give them a chance. They had no choice and only after about 9 years did the courts finally say enough is enough.


Add to this the fact that this is a design build project of an extremely complex and highly political nature. The DOE asked the contractor to come up with a plan....no one had ever done what was being proposed on a scale like the DOE was proposing. The Contractor(s) did indeed come up with plan after plan, started working the plan and then found out the plan wasn't feasible....and it has been going on for 25 years. The contractor(s) pretend to know what is needed but they are making it up as they go, they have no idea what is needed nor does anyone else.

And before anyone suggests this is a government efficiency problem it is indeed....the problem is a direct result of the creation of nuclear weapons during WW2 and in the following cold war. Again, there is no way to conduct either profitability, it is a fricking mess that ONLY government can attempt to correct. Failure to do so will mean about 2/3s of the northern Pacific rim, including Japan and Russia, would be unlivable for a few months to a couple of hundred years. The people of the DOE and the majority of the contractor's employees are fully cognizant of their responsibilities and what failure means. The problem is that politicians do not know, or in the case of the current administration do not care what the ramifications are and far too many at the top of these contractors management teams are more concerned with making piles of money that protecting the public or the taxpayer.


We made a fricking mess ending WW2 and winning the cold war (did we win it? The bills aint paid yet). That mess is now looming over the heads of a sizeable majority of human beings on the planet. We have no idea what to do about it but a bunch of slick talking federal contractors will tell anyone with a pen who can sign a check that they do know what to do about it....and they are connected to congress and the courts and here we are. It ain't the people doing the work, its the people sending the bills and signing the fricking checks.
Posted by tigerbutt
Deep South
Member since Jun 2006
25379 posts
Posted on 2/24/25 at 4:13 pm to
quote:

Get a job that has low demand


Dude he’s done that for 39 years.
Posted by LsuNav
Sacramento
Member since Mar 2008
1630 posts
Posted on 2/24/25 at 8:05 pm to
He isn’t under CSRS. He only has 29 years of service so he started after 1987. I retired at 54. FERS retirements are’t enough to live on so I got another job.
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