Any tips on retirement from those who are doing the civil service thing? Special investment options, pension requirements, etc...anything that you would have done differently as it relates to government work and personal finances?
Hey, at least he's working for them and paying into Social Security & Medicaire. Consider the alternative of him spending our tax dollars on his welfare, social services, & Medicaid...youbet said:Ahhhhh........ Our tax dollars at work.
youbet said:"
I'm just sometimes amazed at the gap between what's happening to private sector benefits and pensions and what is provided in the public sector.
Martha said:Me too. I wonder how much has to do with the fact that the public sector is far more unionized than the private sector.
youbet said:"Hey, at least he's working for them and paying into Social Security"
Nords...... True true. I'm just sometimes amazed at the gap between what's happening to private sector benefits and pensions and what is provided in the public sector. My DW retired after 35 years in the public sector and I'm on the one hand delighted at the generous and guaranteed retirement package she received. But, on the other hand, it facinates me that we (USA gov) is able to afford it while the private sector is cutting so deeply.
Also, fyi, most fed public sector employees don't contribute to SS.
youbet said:"Hey, at least he's working for them and paying into Social Security"
Nords...... True true. I'm just sometimes amazed at the gap between what's happening to private sector benefits and pensions and what is provided in the public sector. My DW retired after 35 years in the public sector and I'm on the one hand delighted at the generous and guaranteed retirement package she received. But, on the other hand, it facinates me that we (USA gov) is able to afford it while the private sector is cutting so deeply.
Also, fyi, most fed public sector employees don't contribute to SS.
ex-Jarhead said:Youbet: Just a point I am curious about.
My wife was a homemaker and never contributed to soc. sec. (Actually about 3 years prior to our marriage, but not qualified).
In any case, she qualifies for half my soc. sec. benefit.
Wouldn't your wife also qualify for half of yours?
No. There are provisions preventing this. I'd elaborate but the subject had been covered on this site more than once. It's fair really. She recieves a generous pension from the goverment, never contributed to SS and if she received half my SS, it would be going over the line.