Re:The Pentagon Is Building a Team of Tech-Savvy Soldiers
by Merad on Thursday July 05, 2018 @08:30AM
(#17462694)
Do civilian government employees even get a pension plan anymore? I got an offer a few years back from a three letter agency in DC and I'm pretty sure they just had a 401k.
[ Parent
| on HN ]
Re:The Pentagon Is Building a Team of Tech-Savvy Soldiers
by yardie on Thursday July 05, 2018 @08:58AM
(#17462870)
I believe so. Federal employees don’t pay social security so their only fixed income will come from their government pension.
Re:The Pentagon Is Building a Team of Tech-Savvy Soldiers
by martzcodes on Thursday July 05, 2018 @10:46AM
(#17463635)
Yes they do. In the old system they didn't, but everyone since ~1984 does (and most of the old-system folks are retired or near retirement now.
https://www.washingtonpost.com/blogs/federal-eye/post/federa...
Re:The Pentagon Is Building a Team of Tech-Savvy Soldiers
by yardie on Sunday July 08, 2018 @07:39AM
(#17483301)
Right I was talking to a retired, lifelong federal employee who mentioned he didn’t pay SS. Since ‘84 was over 30 years ago I expect the number to flip for those on the new pension scheme, soon.
Re:The Pentagon Is Building a Team of Tech-Savvy Soldiers
by navbaker on Thursday July 05, 2018 @02:44PM
(#17465724)
Yes, 1.1 percent of the average of the highest three years you were paid during your service for each year you worked. So if you did 30 years, you’d make 33 percent pension. That’s on top of the employer match that the government does if you contribute to the Thrift Savings Plan, an ultra low expenses IRA plan for military and federal civilians.