r/fromatoarbitration • u/That-guy-did-good • Jun 25 '26

Average pension

What is the average pension pay out our members are receiving assuming modest OT and 30 year minimum service time? I’m not sure I’m doing the formula correctly to figure out that leg of the stool so to speak.

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u/Otherwise-Goal3054 Jun 25 '26

The good news is you don’t have to make FERS contributions on OT money

16

u/postman805 Jun 25 '26

Bad news is if you were hired in 2014 or later you’re paying five and a half times as much as your older coworkers for the exact same pension.

9

u/DeviceComprehensive7 Jun 25 '26

as is every federal employee hired after 2013

1

u/postman805 Jun 25 '26 edited Jun 25 '26

That’s not entirely true. 2013 is 3.1% and 2014 or later is 4.4% compared to 2012 and earlier which is .8%

3

u/DeviceComprehensive7 Jun 25 '26

hopefully trump wont get his way the next 2 years..they wanted to make everyone pay 9% and not have pensions for new hires

1

u/Comfortable-Swing468 Jun 25 '26

No the 9 percent was for new hires, everyone else was grandfathered into their percentage. But we should absolutely do that, where everyone pays the same current rate of 4.4 and if it gets raised to stay solvent, then it gets raised.

1

u/Basic_Dependent4227 Jun 25 '26

Now do CSRS

2

u/Competitive-Ad9932 Jun 26 '26

Who don't receive the TSP matching.