Skip to comments.Who Says There Arenít Any Good Jobs Out There?
Posted on 12/09/2010 8:58:19 AM PST by freespirited
Over 200k just to separate the white males from the rest in order to contribute to a more colorblind society free from sexual discrimination? That sounds like a job I could handle if I wasnt a white guy.
Sure the salary might seem high, but as you can see, the benefits are far inferior to those offered in the private sector. Just look at this skimpy list of bennies:
BENEFITS: FHFA offers a wide array of benefits:
1. HEALTH INSURANCE A variety of Federal Employee Health Benefit plans to choose from which can be paid from pre-tax income. FHFA pays 90% of the bi-weekly premium.
2. DENTAL INSURANCE FREE comprehensive dental coverage to employees and their family members. There is a $2,500 annual maximum per employee and a separate orthodontic benefit for dependent children to age 19. (Annual deductibles apply.)
3. VISION INSURANCE FREE vision care coverage. This benefit covers the employee and all eligible dependents. (Co-pay applies.) Coverage includes reimbursement according to a fee schedule for eye examinations, frames and contact lenses once every 12 months.
4. WELLNESS REIMBURSEMENT The Wellness Program provides a taxable reimbursement each fiscal year for various health related expenses. The maximum reimbursement dollar amount is established at $600 for 2010.
5. FLEXIBLE SPENDING ACCOUNT The Flexible Spending Account Program provides pre-tax, employee-funded accounts to pay for medical expenses that are tax deductible as well as dependent care costs.
6. LONG TERM CARE INSURANCE The Federal Long Term Care Insurance Program provides long term care insurance to help pay for costs of care when you can no longer perform everyday tasks by yourself, or you have a severe cognitive impairment, such as Alzheimers. You may visit the Long Term Care Partners website for more information: www.ltcfeds.com.
7. COMMUTING EXPENSES 100% of the cost of your public transportation commuting expenses (e.g., vanpool, metro bus, metro train) is paid. The first $230 is tax-free and $90 per month is provided to cover the cost of parking at Metro operated lots.
8. LEAVE The federal leave program offers exceptional time-off benefits, including annual leave, sick leave, Family Friendly Leave, Family Medical Leave, and ten (10) paid holidays per year.
9. RETIREMENT Employees who currently participate in the Civil Service Retirement System (CSRS) will remain in that system. All other employees will participate in the Federal Employee Retirement System (FERS). FERS is a three-tiered program consisting of: Basic Benefit (a retirement pension), Social Security, and the Thrift Savings Plan (TSP) (see below).
10. SAVINGS PLAN WITH MATCHING FUNDS The TSP is a retirement savings and investment plan for federal employees and offers the same type of savings and tax benefits provided under 401(k) plans. As a FERS employee, you can contribute up to $16,500 per year. You will receive agency-matching contributions up to the first 5 percent. As a CSRS employee, you can contribute up to $16,500 per year. CSRS employees do not receive any agency contributions. Employees age 50 or older as of December 31, 2009, may contribute an additional $5,500 for catch-up contribution per year. Newly appointed employees will be subject to an automatic enrollment of the TSP at the rate of 3% of their basic pay each pay period.
11. 401(k) PLAN In addition to the TSP, FHFA offers an additional 401(k) plan that is administered by T. Rowe Price. Employees covered under FERS contributing at least 3% to the TSP may participate in the FHFAs 401(k) plan. All CSRS employees may participate. 401(k) plan participants may contribute up to 10% of their bi-weekly pay on a pre-tax basis, with agency matching contributions of up to 3 %.
12. LIFE INSURANCE The Federal Employee Group Life Insurance offers numerous life insurance policy options covering employees and dependents.
13. COUNSELING SERVICES The Employee Assistance Program provides free confidential counseling and referral services to you and your family members.
14. TRAINING Career development and enrichment training is available in job-related areas.
15. GYM Free use of an on-site gym and locker room with shower facilities.
Of course the government can continue to operate this way!
I'd apply, but unfortunately...I'm of the wrong race and gender.
Still, I'm glad my tax dollars are hard at work.
they have to offer a package like this to recruit good people /s
The list does not include retiree medical benefits, a substantial amount of deferred compensation. Here is a good summary of retiree medical benefits. Federal retirees do not generally Medicare including the drug benefit. Nothing but the best for our federal retirees. The best part of medical benefits for federal retirees is that the money to pay for the benefits is entirely unfunded. Federal workers have not contributed one dime to pay for their retiree medical benefits. Federal retirees can begin drawing these benefits when they retire as early as age 57.
Reconstruction II just keeps rolling along.
Apparently racism pays well...
I can do this job.
All you have to do is make sure blacks get their 13% of the jobs, no more, no less.
Imagine the fun you could have adjusting the black workforce percentage with the NFL, the NBA, government work forces (states, counties and cities), network TV, the TV commercial industry (every American family in commercials is now multi-ethnic with at least one really smart black, teenage girl and a bummbling, white, adult male). And don't forget the black, female bus drivers.
You miss the part where premiums are paid for by employees and retirees. They pay for their own health care. It is subsidized by the government (like 90% of private company plans are) but premiums are paid. The choice to continue under FEHB in retirement is yours alone, you can be enrolled in both plans.
What premiums are you talking about? As I understand, you can receive FEHB just by paying the normal employee share of health care benefits. The taxpayer is still picking up the employer’s share.
Here is a simple thought experiment. Let’s say you retire at age 57 without any employer provided health care benefits. You go the private market place to purchase a comparable health care plan for yourself, spouse, and possibly children. The private plans may cost $2,000 to $3,000 per month if you can even find any that provide comparable benefits.
Now you are telling me that you are paying for your health care. I say you have no idea about the value of the health care benefits that the taxpayer is providing.
Here is another thought experiment. Obamacare will tightly squeeze health care providers. Seniors on Medicare without employer subsidized retiree medical care (most seniors) will be subject to a rationing scheme. Long waiting times will begin to occur about health care providers. However, Congress will ensure that federal retirees do not suffer the same idignities. Congress will never allow reimbursements for federal health care plans to follow the rest of Obamacare. Effectively, the value of federal retiree health care will become even more valuable.
Government employees should get the same deal as private sector employees: Social Security, a modest employer contribution to a 401K plan (2 to 5 percent), and no retiree health care benefits. The most outrageous part of the current situation with government employees is to hear government employees indicate that their retiree benefits are no big deal, in line with the private sector. The other maddening part is to hear government employees indicate that a competent government workforce could not be hired and retained with total compensation in line with the private sector.