Originally Posted by bclover
I tell my kids to get government jobs and sincerely mean it.
My grandmother's cousin has been getting on me about this, saying I should go into the government. I keep telling her that the federal government's pension isn't nearly as lucrative as it was back in her day, and she finally got off that track, but told me I should try for state gov't.
Then I told her that as far along as I am in my career, I'd have to probably work a good 30 years before I got a pension to amount to anything. She replied "what's wrong with that?" I told her well, I'm 45 now, so that means I wouldn't retire until I'm well into my 70's!
To which she replied "So?"
She retired in 1980 at the age of 55-56, from a GS-13 job in the federal government. When I was younger, I always admired her for being an early retiree, but in later years, I found out that she kinda got pushed out, so she didn't really leave of her own free will. And now that she's 90, she's very close to running out of money, although a lot of that is because she constantly bailed out her kids and grandkids every time they got into trouble. So I think she's looking back on her own past and wishes she had worked longer, and as a result thinks I should, too.
Despite the GS-13 job, her pension isn't all that great, because she didn't have enough years of service in. I think her medical benefits are pretty good though. A lot better than mine will be, I'm sure.