The Federal Workers have had a three year pay freeze. It’s the first time in nearly twenty years that has happened. They were also asked to contribute more to their pensions. While their benefits are somewhat better that most, they don’t even approach what cops and fireman and other state workers make/get (at least in NY metro area). Under the Federal Employee Retire System (as amended in 1984) federal workers earn 1% a year toward their retirement. That means for ever year they work they get 1% when they turn 65. After working forty years they would get 40% pension. Law enforcement is slightly higher (1.7 % for first twenty then 1% thereafter. Mandatory retirement @ 57). With a law degree and 25 years experience as an FBI agent, you make significantly less than a first year law associate at a Manhattan Law Firm. I know it’s better than a lot of people, but it’s not what everybody thinks.
“But highly educated federal workers earn less than their peers in the private sector.”
Though most Americans have LOST income in
ObamaHarry Reid's regnancy.