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A comment on National Geographic Society sets biggest layoff in its history. Parent comment

Re:National Geographic Society sets biggest layoff in its hi... by Jtsummers on Wednesday November 04, 2015 @02:22PM (#10508900)
> I just started a job in government. I had two choices: 10% of my salary in a 401K, or 5% of my salary in a 401K and 5% in a pension.

You're talking about 401(k) so I'm assuming US here. Are you using 401k to mean TSP? Or is there a federal gov't position that actually offers 401(k) plans?

And if you do mean TSP, then you'd be under FERS. Or is this a state job?

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Re:National Geographic Society sets biggest layoff in its hi... by Someone1234 on Wednesday November 04, 2015 @02:45PM (#10509073)
State job. It is 401(k). Not TSP.
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Re:National Geographic Society sets biggest layoff in its hi... by Jtsummers on Wednesday November 04, 2015 @03:08PM (#10509253)
Ok, didn't know of states offering 401(k)s, either. Learn something new every day.

Did you also get to opt out of Social Security with this position? That's a common thing when states offer pensions. With choosing your option (401(k) and no pension) did that force you to pay into social security?

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Re:National Geographic Society sets biggest layoff in its hi... by Someone1234 on Wednesday November 04, 2015 @03:12PM (#10509280)
I still pay into Social Security, I wasn't offered the ability to opt out.
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