perinova
Full time employment: Posting here.
- Joined
- Apr 18, 2006
- Messages
- 531
Some of you have mentioned getting a FERS pension. Is there any value working for the government for some time (5 years min) in order to get FERS?
According to government website it is possible to get a pension at age 62 on FERS.
The formula after 5 years would bring 5% of average pay, adjusted for COLA at 62.
The way I understand it it is in addition? (not sure) of putting money in Social Security.
Other consideration: Government salary might be lower than private sector?
According to government website it is possible to get a pension at age 62 on FERS.
The formula after 5 years would bring 5% of average pay, adjusted for COLA at 62.
The way I understand it it is in addition? (not sure) of putting money in Social Security.
Other consideration: Government salary might be lower than private sector?