American Firms Want to Keep Older Workers a Bit Longer

Re:American Firms Want to Keep Older Workers a Bit Longer by Spooky23 on Saturday December 17, 2016 @12:31AM (#13199410)

In many places, total value of compensation of a civil service gigs is way higher than you think.

A senior IT guy makes like $110k where I live. Sounds shitty, but then again you get primo healthcare that costs $100/mo for family, retiree health coverage, 60% pension at 55 in many cases, high PTO accumulation, etc.

I helped a friend calculate total compensation when he was looking for a job. The pension present value alone was $4M. When you combine it with the PTO, it made total value of his compensation more like $190k. If you price in the retiree healthcare, you could probably add another $10-20k of value.

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Re:American Firms Want to Keep Older Workers a Bit Longer by infinite8s on Saturday December 17, 2016 @06:20AM (#13200233)

Except government pensions are continually being cut back, so you have to factor that in (especially if you are looking 30 years out).

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Re:American Firms Want to Keep Older Workers a Bit Longer by pix64 on Saturday December 17, 2016 @09:25AM (#13200807)

I would live like a king on $110 here.

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