Blackvegetable » 15 Nov 2024, 11:54 am » wrote: ↑ where does one go to find people this **** stupid?
No...that's not how an annuity works.Fuelman » 15 Nov 2024, 2:52 pm » wrote: ↑ The money you contributed to the retirement fund will be paid out first, after which your annuity will consist entirely of the government’s money.
For the braindead.
You do realize it's not a stretch for one government position to have two retired beneficiaries and a current recipient sucking off the backs of tax payers.
More spoon feeding:
Your agency withholds the cost of the Basic Benefit and Social Security from your pay as payroll deductionsFuelman » 15 Nov 2024, 4:03 pm » wrote: ↑ More spoon feeding:
Yes, the Federal Employee Retirement System (FERS) Basic Benefit Plan is an annuity: What it is: The FERS Basic Benefit Plan is a defined benefit plan that provides monthly annuity payments to retired federal employees. How it's calculated: The amount of the annuity is based on an employee's salary history and years of service: The government averages the employee's highest three years of basic pay, known as the "high-3" average pay The annuity is calculated by multiplying the "high-3" average pay by 1% for each year of federal service Eligibility: To be eligible for a FERS pension, an employee must work for the federal government for at least five years. When to start receiving payments: Eligibility for immediate annuity payments depends on age and years of service: Age 62 with five years of service Age 60 with 20 years of service Minimum Retirement Age (MRA) with 30 years of service Other benefits: The FERS Basic Benefit Plan also includes survivor and disability benefits. Deferring benefits: Employees can elect to defer their retirement benefits. Cost of living adjustment: The FERS Basic Benefit Plan includes a cost of living adjustment.
You have a P.M. !!!!Blackvegetable » 15 Nov 2024, 4:33 pm » wrote: ↑ Your agency withholds the cost of the Basic Benefit and Social Security from your pay as payroll deductions
One spoon at a time, eventually it will sink in, maybe not.Blackvegetable » 15 Nov 2024, 4:33 pm » wrote: ↑ Your agency withholds the cost of the Basic Benefit and Social Security from your pay as payroll deductions
As far as it takes to read your posts and threads which is right here in this web site and any others you frequent..Blackvegetable » 15 Nov 2024, 11:54 am » wrote: ↑ where does one go to find people this **** stupid?
That has nothing to do with guaranteeing the annuity...Fuelman » 15 Nov 2024, 5:25 pm » wrote: ↑ One spoon at a time, eventually it will sink in, maybe not.
Yes, the Federal Employees Retirement System (FERS) Basic Benefit Plan pays out more than you put in because the government contributes much more than you do: ContributionsYou contribute a small amount to the Basic Benefit Plan, while the government contributes much more. The government contributes 11.5% of your pay each pay period, while you contribute a small amount that's automatically deducted from your paycheck.
You're a painfully stupid ****RebelGator » 15 Nov 2024, 4:00 pm » wrote: ↑ You do realize it's not a stretch for one government position to have two retired beneficiaries and a current recipient sucking off the backs of tax payers.
I seem to have hit a nerve here, are you one of these parasites......Pensionado?
How about no nasty, foul smelling, grease sweating, SHERILLAS working in government offices wiff dem 6 inch long plastic finger nails, Caucasian wigs and the ever present "DAT NOT BE MUH JAWB NSHEET" attitude...?RebelGator » 15 Nov 2024, 9:05 am » wrote: ↑ Abolish government pensions, no tax dollars for public sector employees.
jerrab » 15 Nov 2024, 2:01 pm » wrote: ↑ -----------------------
https://smartasset.com/retirement/congr ... ment-plans
Between Netflix dramas and bad press, working in Congress might seem like a walk in the park. Filibusters and government shutdowns tend to dominate the headlines. In fact, in 2021, the House of Representatives was scheduled to work just 166 out of 261 work days. In addition, while congressmen receive generous pension plans and generous healthcare insurance, they’re not raking in their full salary after leaving office. They do, however, receive some income after they retire.Are you trying to get together your own retirement savings? Speak to a financial advisor today. How Much Do Congressmen Make Before Retirement?Most senators and representatives make an annual salary of $174,000. Those in leadership make a bit more. For example, the speaker of the House makes $223,500 and majority and minority leaders in the House and Senate make $193,400. Congressmen earn this annual salary for the duration of their terms. Senators serve six-year terms, while members of the House serve for two years. There are no term limits on either part of Congress.Members also get allowances to pay their staff and cover office and travel expenses. Senators’ average allowance recently was $3,738,775, while representatives’ was $1,382,139. Congressmen are also able to deduct $3,000 a year for the living expenses they accrue while they’re away from their home states or congressional districts.Senators and representatives’ salaries may seem high, but they’re actually on par with the salaries of esteemed professionals in the private sector, like doctors or lawyers. Plus, Virginia mortgage rates and the cost of living in D.C. are notoriously high. Members of Congress have not received a raise since 2009; prior to that, they were making $169,300 a year.