[quote=deadzone]By the way, for federal workers, the annuity plan you are referring to (CSRS) was discontinued in 1987, so t only applies to workers who began federal service prior to 87. In this system, a retiree with 30 years service would get 60% of their salary. Also, these folks do not get social security. If you can do simple math, that is a 40% loss of income when they retire.
Now, back to sequestration, you are making a ridiculous assumption that the only workers who will be “let go” are federal workers that coincidently are also eligible to retire under CSRS. Of course that is complete non-sense. But even in this best case fantasy scenario, we are talking about a 40% loss of income.[/quote]
deadzone, YOU’RE living in a time warp. The Federal workers that will be let go will retire under FERS.
