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Started By
Message
re: Resigned and Retired. Last day is Thursday
Posted on 2/24/25 at 8:19 pm to jeffsdad
Posted on 2/24/25 at 8:19 pm to jeffsdad
Federal workers are vested at 5 years. I worked 9 yrs federal service, about 1/4 of the OP. I get a whopping $256/mo federal pension. Retirement for federal workers is in the Thrifty Savings Plan, a 401K style account. At least for FERS employees. You don't retire on the pension.
0
Posted on 2/24/25 at 8:26 pm to TonySoprano
quote:
Hop in your RV and go see this big beautiful country. That’s my plan. Retired Jan 5th 2025
Retired 2022 and have enjoyed every second. We don't RV but we do quite a bit of "let's go stay/see". Nothing that will break the bank and drain the funds but I have found out you can live off less than they expected if you did a decent job of planning ahead for retired living funds.
Posted on 2/24/25 at 8:30 pm to Shalimar Sid
Better send your email to Elon.
Posted on 2/24/25 at 8:33 pm to jeffsdad
quote:
Well at 39 years you essentially still get paid close to 100% your salary, right? Work in something you like for 4 years and retire.
No he's under FERS. With the prior federal retirement system, Civil Service, after 42 years, you get 80% of your high three, which worked out to about the same as your salary, after taxes, retirement contributions, etc.
At 39 years under FERS, he'll get about a little less than 1/2 is salary, plus a social security of check of $2500ish/month and has a 7 figure TSP (unless he's a complete effing moron).
This post was edited on 2/24/25 at 8:49 pm
Posted on 2/24/25 at 8:42 pm to greenbean
quote:
he's under FERS
FERS started in 87, I believe. He’s probably CSRS.
Posted on 2/24/25 at 8:51 pm to Kudzu65
quote:
He’s probably CSRS.
I refer to CSRS as the "Golden Parachute." My boss is one of the last CSRS employees in my organization. I'd trade my pension, SS and 7 figure TSP for CSRS.
Posted on 2/24/25 at 8:58 pm to AwgustaDawg
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....
We were never taught the good sides of the great depression.
Posted on 2/24/25 at 10:29 pm to Gus007
This is the way gentleman, this is the way.
Posted on 2/24/25 at 10:32 pm to el Gaucho
Unless Pappa Gaucho leaves you mucho dinero
Posted on 2/25/25 at 3:39 am to LsuNav
quote:
FERS retirements are’t enough to live on so I got another job.
Correct, that’s why I wonder where the 100% retirement has come from.
Posted on 2/25/25 at 6:12 am to Salmon
quote:
Do you not have hobbies?
Love to boat/fish and golf and will definitely catch up
Posted on 2/25/25 at 6:39 am to DemonKA3268
Just to clear it up. I was active-duty Army for 24 years and Civil Service (FERS) for 15 years. Wasn't really ready to retire as I work with the EOD School. My retirement pays takes care of me financially but when the fork in the road appeared it made me have to decide what to do quickly. I really didn't expect this much response on here as I was just looking at other opinions. Been a member on Tiger Droppings 20 years this month and have always valued everyone's opinion.
Posted on 2/25/25 at 7:01 am to Shalimar Sid
quote:
Just to clear it up. I was active-duty Army for 24 years and Civil Service (FERS) for 15 years. Wasn't really ready to retire as I work with the EOD School. My retirement pays takes care of me financially but when the fork in the road appeared it made me have to decide what to do quickly. I really didn't expect this much response on here as I was just looking at other opinions. Been a member on Tiger Droppings 20 years this month and have always valued everyone's opinion.
Many people dancing in the street over the prospect of cutting down on the number of people standing between federal contractors robbing taxpayers have either not stopped to consider, or simply do not care, that about 40% of those people regulating and reeling in contractors are veterans and a GRACIOUS plenty of the money the US taxpayer spends goes to the military and veteran services. There are many other worthwhile endeavors being cut in the most ham-fisted bureaucratic method ever seen but the attack on veterans and veteran services is beyond the pall of decency....celebrating it is even more so....
Posted on 2/25/25 at 7:16 am to AwgustaDawg
I'm retiring under FERS on Friday with over 30 years civilian service. My monthly FERS pension from this won't even equal a two week pay period,
Since I'm also retired military with a VA disability, that pretty much takes me up to my salary with the addition of social security.
This took over 50 years and a lot of hard work and sacrifice.
I didn't elect the fork in the road as my retirement packet has been the mill for months and didn't want to screw anything up.
Since I'm also retired military with a VA disability, that pretty much takes me up to my salary with the addition of social security.
This took over 50 years and a lot of hard work and sacrifice.
I didn't elect the fork in the road as my retirement packet has been the mill for months and didn't want to screw anything up.
Posted on 2/27/25 at 1:49 am to vl100butch
Good evening, Butch…looks like only us old retired fellers are still up at this hour!
Posted on 2/27/25 at 6:38 am to AwgustaDawg
quote:
There are many other worthwhile endeavors being cut in the most ham-fisted bureaucratic method ever seen but the attack on veterans and veteran services is beyond the pall of decency....celebrating it is even more so....
How is our country not taking care of them? Op has 24 years in the army plus 15 in civil service. So he’ll be getting VA healthcare, 50+% of his military pay, 15% of his civilian pay, social security, at that age.
Plus he hopefully saved for his retirement privately to some degree.
I very much appreciate the OP and all the veterans for their service. But many of these guys are by no means bad off. It’s a life change no doubt, but we could argue many of them being laid off may not have ever had a job in the first place due overspending.
Posted on 2/27/25 at 7:16 am to Shalimar Sid
Today is the day!!!! Don’t steal the stapler.
Posted on 2/27/25 at 2:27 pm to Shalimar Sid
Congrats, my man! Today is a day that you will remember for the rest of your life.
I recently retired on the day I turned 59 1/2 and have thoroughly enjoyed it.
Again, congrats on your retirement!
I recently retired on the day I turned 59 1/2 and have thoroughly enjoyed it.
Again, congrats on your retirement!
Posted on 2/27/25 at 2:30 pm to Shalimar Sid
quote:Wise move.
Been a member on Tiger Droppings 20 years this month and have always valued everyone's opinion.
I like your alter "Sid in Lakeshore" work here too.
Posted on 2/27/25 at 4:31 pm to Shalimar Sid
I hope you had a nice last day on the job. Good luck to you on the next chapter of life.
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