On Mon, 21 Aug 2006 15:09:19 +0000 (UTC), (Don
Klipstein) wrote:

sleeping in the same bunk as Ken Lay.

(BTW Ken Lay doesn't have a bunk assignment)


Retirement benefits? That's changing! Most Federal employees hired
after 1985 or so get to retire on Social Security at the same age as
private sector employees. And last time I checked, they had to pay part
of their health insurance premiums.

- Don Klipstein )

It was circa 1985. The old Civil Service Retirement System (CSRS)
became Federal Employees Retirement System (FERS). After a certain
date new employees were automatically enrolled into FERS. Old CSRS
people had a choice to stay in the CSRS.

Under CSRS a person contributed 7.5% of salary to the pension plan,
contributed to medial insurance, but no Social Security contributions.

In retirement a CSRS person stills pays towards medical insurance,
don't know about FERS.

FERS changes this. A person contributes 3.5 % to a pension, NOW pays
Social Security, but also now has a Thrift Savings plan to which they
can contribute. The government matches dollar for dollar, up to 10% in
the saviings.

FERS also has to work more years than CSRS (law enforcement cited 20
years vs 25 years).


Oren