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Post by futuressaalj on Dec 11, 2013 6:25:22 GMT -5
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Post by christina on Dec 11, 2013 8:02:35 GMT -5
Am i reading this correctly that this only applies to the first five years of service?
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Post by pubdef on Dec 11, 2013 8:08:08 GMT -5
I'm an outsider so this increased contribution into FERS is something that would affect me if I begin working any federal job. The practical implication is that new federal employees will see a pay decrease of 1.3% from what it would have been before this proposed deal. I believe new is not currently working in the feds or having 5 years of service, so my year of working with the feds won't help me out.
Is this something that would change my mind about working with the feds? Probably not at the pay level of ALJs. It probably would factor in if I was looking for a non-professional job where 1% of salary means more.
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Post by moopigsdad on Dec 11, 2013 8:17:27 GMT -5
Does it surprise me? No, it does not. At least you still have a pension system, albeit no matter how meager. Most other places have done away with the pension system. Would I be happy being hired and paying more? Not really, but I would have the Federal job I always wanted and a pension, even though I would have to contribute more of my income to it. So, why worry about something I cannot control or about something I may never even have unless hired? I won't worry about it or give it a second thought, until I have to cross that bridge, if ever!
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Post by hopefalj on Dec 11, 2013 10:35:40 GMT -5
Am i reading this correctly that this only applies to the first five years of service? Think you're reading that wrong. The five years appears to refer to someone that is not currently employed by the federal government but had previously worked at least five years of federal service. |
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Post by christina on Dec 11, 2013 16:47:34 GMT -5
ahhh. thanks for clarification. i thought maybe it was only a 5 year policy and then newbies would be treated like rest of FERS.
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