[Bavarian]

Originally Posted by Nightengale212

I work for the Federal Government and the information you relayed about loosing 60% of your SS if you get a Federal Government pension is incorrect info. The FERS retirement system which came about around 1987 consists of SS, a Federal pension, and TSP which is a 401K plan which the employee pays into all 3 and collects on all 3. The small remaining number of employees under the old CSRS Federal retirement systems did not pay into SS unless they had a private sector job prior to or during their Federal service employment and they would lose some SS money through the WEP process. This would not be a huge financial loss because CSRS employee's retirement calculation with 30 years of service works out to about 70-75 % of the average of their top 3 salaries. For me under FERS, my combined pension and SS will yield slightly less than 1/2 of the average of my top 3 salaries, and this is the reason why I heavily contribute to my TSP to make up the difference.

Not all of us Feds are under FERS, just the young ones. Don't assume that the poster was under FERS, he, like me, could very well be one of "those tine amount of retired Feds under CSRS"