Related Posts
f*ck your towels

Additional Posts in Federal, Government, and Public Sector
Cisco is looking for top notch Network Engineers who have an Active TS/SCI with Full Scope Poly clearance. Locations are Annapolis Junction, MD; Herndon, VA; McLean, VA.
Qualified and interested? Feel free in reaching out to me directly to learn more! laczecho@cisco.com
#cisco #network #engineers #clearancejob #topsecretjob
Anyone in FAANG cyber willing to refer?
MITREs Glassdoor rating is like a ski slope.

New to Fishbowl?
unlock all discussions on Fishbowl.



Subject Expert
Yes. The feds have a pension and to my knowledge state and local governments also have a pension.
Pretty much all full time permanent position federal jobs offer a pension. The standard retirement benefits are (1) a Thrift Savings Plan similar to a 401k with match (up to 5%), and (2) Federal Employees Retirement System (FERS) pension, a benefit for which new employees must contribute 4.4% of their pay. Once retirement eligible, the FERS pension amount is an annuity worth a percentage of the average of the employee’s highest 3 years of salary: 1% per year of federal service, or 1.1% per year of service if the employee is at least age 62 at retirement with 20+ years. So if your average high-3 salary was $100k and you retired at age 58 with 30 years of service, your annual pension would be $30k.