Quote:
Originally Posted by jnieman
Yes it is unfair. My husband paid in the full amount for over 30 years to Social Security and now his is reduced because he is in the Fed Gov't CSRS Offset retirement.
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The CSRS gov employees are in the same boat as railroad workers. They didn't pay into SS so they don't get credit under the employment time they worked off the grid. IMO CSRS vs furs pretty close to as stated above 80% vs less that 50% monthly retirement annuity for the same years served IMO.
I know this cause I compared my years of service to buddy with the same under CSRS. That's exactully why IMO they thought up FURS to reduce retirement pay. Also IMO if you invested fully in thrift saving over 20 years and made the right investment choices it offset it and in some cases made off better, but that was 10 to 12 percent (my last few years max is 15%) coming out of you pay check above all other deductions and then big tax hit where you drew from it. So they got there invested money back that they invested in your retirement.
I paid over 45k in taxes this year. I didn't have the army of lawyers (or the deductions) like WB the tax cheat did to reduce my tax bill to less than his secretary.
I like it how people don't work for the gov. think gov. employees have it so
good. They forget the years of lower pay (at least in My pay grade).
I also like how people think military retiree got it made. But, they never served day in the military.
Also CSRS employee's had choice to convert to FURS. Few did cause the numbers didn't add up at the time of there retirement. I know the last year of two I worked there was big push to get all employees under furs. I don't know their options cause it didn't affect me.
This is just my opinion (based on my experience) , others my disagree in there world or pay grade?