I’m pretty sure the idea is to get rid of dissenters in an easy and legal way, while keeping those like-minded individuals who will toe the line.
I think the idea is to scare dissenters into quitting, because otherwise their position may get downsized otherwise and they lose out on any benefits and pension.
Most federal civilian employees are now on a 401(k) equivalent.
Air Traffic likes to mention how they are one of the ones left with a pension, but clearly, nothing is guaranteed.
We get both. A 401k equivalent called TSP (Thrift Savings Plan) and FERS. People hired after a certain year ( i wanna say 2011 or 2013) pay substantially more into FERS than people hired before (less than 1% vs 4.3% of pay). I don’t expect either to pay out in my lifetime tbh.
TSP is also unique in that you can take a loan from it directly, not using it as colateral. Any interest paid goes right back into your TSP.
I dunno, how does 8 months pay sound more appealing than a pension?
Just think of how you could retire if you put all of that into Trump and Malania coins. Heck, maybe even a Baron coin!
I’m pretty sure the idea is to get rid of dissenters in an easy and legal way, while keeping those like-minded individuals who will toe the line.
I think the idea is to scare dissenters into quitting, because otherwise their position may get downsized otherwise and they lose out on any benefits and pension.
Most federal civilian employees are now on a 401(k) equivalent. Air Traffic likes to mention how they are one of the ones left with a pension, but clearly, nothing is guaranteed.
We get both. A 401k equivalent called TSP (Thrift Savings Plan) and FERS. People hired after a certain year ( i wanna say 2011 or 2013) pay substantially more into FERS than people hired before (less than 1% vs 4.3% of pay). I don’t expect either to pay out in my lifetime tbh.
TSP is also unique in that you can take a loan from it directly, not using it as colateral. Any interest paid goes right back into your TSP.
This is also an option if jumping ship:
https://www.opm.gov/frequently-asked-questions/retire-faq/leaving-the-government/how-do-i-apply-to-have-my-retirement-contributions-refunded-to-me-in-a-one-time-payment/