The maximum benefit you can receive from CSRS is 80 percent of your high-3 average salary, plus credit for your sick leave. This limit generally affects only those who have more than 41 years 11 months of service when they retire.
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80% is not 100%
[quote=bearishgurl]
So, yes, it is entirely possible today with the combination of CSRS/TSP, CSRS/FERS/TSP (w/partial agency match) or FERS/TSP (w/full agency match) to retire at or close to 100% of one’s full highest of average 3 years salary.[/quote]
Read the information from the links you provided again, carefully. CSRS retirees get a big chunk of their retirement income from the “pension” – up to 80% of their salary according to you – and very little else. What they can contribute to TSP isn’t much. FERS will get an even smaller “pension” and better hope that they MAXED out their TSP contribution and the performance of the stock market over the years to even get close to what CSRS retirees get at 80%.
Here’s news for you. A quick search on the internet will tell you that these people are contributing an average of $4900/year to their TSP with an average balance of about $65K. Maybe the financial security of the baby boomers you were talking about is just all fancy fantasies.
