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peterb.
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February 24, 2009 at 11:12 AM #354041February 24, 2009 at 11:37 AM #353537
creechrr
Participant[quote=Nor-LA-SD-guy]
It’s good to work for the government, No social security tax’s (why pay SS when you are working so hard to steal all the SS money for your pension due’s !!!).
Yes life is good for government workers…
[/quote]
There are essentially two federal retirement systems,CSRS and FERS. CSRS is the old retirement system (pre-1984, I think). People under this system had the option of paying into SS or not. If they didn’t pay into the system they can’t collect at retirement age. There are still a fair amount of people under this sytem that are still working today.
FERS is what any new hires would be getting into today. There’s no option to forego SS, so I’m paying the supplemental retirement income of many but, I’ll probably never see a dime myself. There is a Thrift Savings Plan (TSP) much like a 401K and a pension.
I don’t know where the 6% increases are. I haven’t seen one.
Federal employment has its good and bad much like any large organization. Some of the stereotypes are of Federal employees aren’t too far off but, there are far more that are hard working and dilegent. (Atleast, until they get beaten down by the system and give up….lol) But, that’s not much different than any other place that I have been employed.
Any other Federal employees here?
February 24, 2009 at 11:37 AM #353850Participant[quote=Nor-LA-SD-guy]
It’s good to work for the government, No social security tax’s (why pay SS when you are working so hard to steal all the SS money for your pension due’s !!!).
Yes life is good for government workers…
[/quote]
There are essentially two federal retirement systems,CSRS and FERS. CSRS is the old retirement system (pre-1984, I think). People under this system had the option of paying into SS or not. If they didn’t pay into the system they can’t collect at retirement age. There are still a fair amount of people under this sytem that are still working today.
FERS is what any new hires would be getting into today. There’s no option to forego SS, so I’m paying the supplemental retirement income of many but, I’ll probably never see a dime myself. There is a Thrift Savings Plan (TSP) much like a 401K and a pension.
I don’t know where the 6% increases are. I haven’t seen one.
Federal employment has its good and bad much like any large organization. Some of the stereotypes are of Federal employees aren’t too far off but, there are far more that are hard working and dilegent. (Atleast, until they get beaten down by the system and give up….lol) But, that’s not much different than any other place that I have been employed.
Any other Federal employees here?
February 24, 2009 at 11:37 AM #353983Participant[quote=Nor-LA-SD-guy]
It’s good to work for the government, No social security tax’s (why pay SS when you are working so hard to steal all the SS money for your pension due’s !!!).
Yes life is good for government workers…
[/quote]
There are essentially two federal retirement systems,CSRS and FERS. CSRS is the old retirement system (pre-1984, I think). People under this system had the option of paying into SS or not. If they didn’t pay into the system they can’t collect at retirement age. There are still a fair amount of people under this sytem that are still working today.
FERS is what any new hires would be getting into today. There’s no option to forego SS, so I’m paying the supplemental retirement income of many but, I’ll probably never see a dime myself. There is a Thrift Savings Plan (TSP) much like a 401K and a pension.
I don’t know where the 6% increases are. I haven’t seen one.
Federal employment has its good and bad much like any large organization. Some of the stereotypes are of Federal employees aren’t too far off but, there are far more that are hard working and dilegent. (Atleast, until they get beaten down by the system and give up….lol) But, that’s not much different than any other place that I have been employed.
Any other Federal employees here?
February 24, 2009 at 11:37 AM #354012Participant[quote=Nor-LA-SD-guy]
It’s good to work for the government, No social security tax’s (why pay SS when you are working so hard to steal all the SS money for your pension due’s !!!).
Yes life is good for government workers…
[/quote]
There are essentially two federal retirement systems,CSRS and FERS. CSRS is the old retirement system (pre-1984, I think). People under this system had the option of paying into SS or not. If they didn’t pay into the system they can’t collect at retirement age. There are still a fair amount of people under this sytem that are still working today.
FERS is what any new hires would be getting into today. There’s no option to forego SS, so I’m paying the supplemental retirement income of many but, I’ll probably never see a dime myself. There is a Thrift Savings Plan (TSP) much like a 401K and a pension.
I don’t know where the 6% increases are. I haven’t seen one.
Federal employment has its good and bad much like any large organization. Some of the stereotypes are of Federal employees aren’t too far off but, there are far more that are hard working and dilegent. (Atleast, until they get beaten down by the system and give up….lol) But, that’s not much different than any other place that I have been employed.
Any other Federal employees here?
February 24, 2009 at 11:37 AM #354116Participant[quote=Nor-LA-SD-guy]
It’s good to work for the government, No social security tax’s (why pay SS when you are working so hard to steal all the SS money for your pension due’s !!!).
Yes life is good for government workers…
[/quote]
There are essentially two federal retirement systems,CSRS and FERS. CSRS is the old retirement system (pre-1984, I think). People under this system had the option of paying into SS or not. If they didn’t pay into the system they can’t collect at retirement age. There are still a fair amount of people under this sytem that are still working today.
FERS is what any new hires would be getting into today. There’s no option to forego SS, so I’m paying the supplemental retirement income of many but, I’ll probably never see a dime myself. There is a Thrift Savings Plan (TSP) much like a 401K and a pension.
I don’t know where the 6% increases are. I haven’t seen one.
Federal employment has its good and bad much like any large organization. Some of the stereotypes are of Federal employees aren’t too far off but, there are far more that are hard working and dilegent. (Atleast, until they get beaten down by the system and give up….lol) But, that’s not much different than any other place that I have been employed.
Any other Federal employees here?
February 24, 2009 at 12:54 PM #353667Nor-LA-SD-guy
Participant“they get 6% raise without the SS TAX ”
“I don’t know where the 6% increases are. I haven’t seen one. ”
The SS tax is about 6% for employees was what I was trying to say.
Hmmm interesting about the fed’s after 1984,
I think most of our State and County employees in Ca (and most other states) still have the option to opt out.
Getting back to inflation.
How many private employees out there got cost of living wage incresses the last 3 or so years ???
February 24, 2009 at 12:54 PM #353980Participant“they get 6% raise without the SS TAX ”
“I don’t know where the 6% increases are. I haven’t seen one. ”
The SS tax is about 6% for employees was what I was trying to say.
Hmmm interesting about the fed’s after 1984,
I think most of our State and County employees in Ca (and most other states) still have the option to opt out.
Getting back to inflation.
How many private employees out there got cost of living wage incresses the last 3 or so years ???
February 24, 2009 at 12:54 PM #354113Participant“they get 6% raise without the SS TAX ”
“I don’t know where the 6% increases are. I haven’t seen one. ”
The SS tax is about 6% for employees was what I was trying to say.
Hmmm interesting about the fed’s after 1984,
I think most of our State and County employees in Ca (and most other states) still have the option to opt out.
Getting back to inflation.
How many private employees out there got cost of living wage incresses the last 3 or so years ???
February 24, 2009 at 12:54 PM #354142Participant“they get 6% raise without the SS TAX ”
“I don’t know where the 6% increases are. I haven’t seen one. ”
The SS tax is about 6% for employees was what I was trying to say.
Hmmm interesting about the fed’s after 1984,
I think most of our State and County employees in Ca (and most other states) still have the option to opt out.
Getting back to inflation.
How many private employees out there got cost of living wage incresses the last 3 or so years ???
February 24, 2009 at 12:54 PM #354249Participant“they get 6% raise without the SS TAX ”
“I don’t know where the 6% increases are. I haven’t seen one. ”
The SS tax is about 6% for employees was what I was trying to say.
Hmmm interesting about the fed’s after 1984,
I think most of our State and County employees in Ca (and most other states) still have the option to opt out.
Getting back to inflation.
How many private employees out there got cost of living wage incresses the last 3 or so years ???
February 24, 2009 at 1:08 PM #353723peterb
ParticipantInflation’s a long way off. Unemployment creeping towards 10% in CA, and that’s closer to 15% if you think the U-6 is more accurate. The derivatives market is a house of cards as well. This means there’s far less US$ to go around than previouly thought. That’s deflation. Dont look now, but the US$ is gaining strenght against about every other asset on the planet. This will continue until unemployment gets down to about 7%. And even then, it may drag on for quite a while as stagnation.
February 24, 2009 at 1:08 PM #354035ParticipantInflation’s a long way off. Unemployment creeping towards 10% in CA, and that’s closer to 15% if you think the U-6 is more accurate. The derivatives market is a house of cards as well. This means there’s far less US$ to go around than previouly thought. That’s deflation. Dont look now, but the US$ is gaining strenght against about every other asset on the planet. This will continue until unemployment gets down to about 7%. And even then, it may drag on for quite a while as stagnation.
February 24, 2009 at 1:08 PM #354168ParticipantInflation’s a long way off. Unemployment creeping towards 10% in CA, and that’s closer to 15% if you think the U-6 is more accurate. The derivatives market is a house of cards as well. This means there’s far less US$ to go around than previouly thought. That’s deflation. Dont look now, but the US$ is gaining strenght against about every other asset on the planet. This will continue until unemployment gets down to about 7%. And even then, it may drag on for quite a while as stagnation.
February 24, 2009 at 1:08 PM #354196ParticipantInflation’s a long way off. Unemployment creeping towards 10% in CA, and that’s closer to 15% if you think the U-6 is more accurate. The derivatives market is a house of cards as well. This means there’s far less US$ to go around than previouly thought. That’s deflation. Dont look now, but the US$ is gaining strenght against about every other asset on the planet. This will continue until unemployment gets down to about 7%. And even then, it may drag on for quite a while as stagnation.
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