Earlier quoted context omitted.
> getting a softskills excel/MS word gov job for equal pay This is a great idea ( I sincerely mean it), and I too have been toying with this. Gov programming jobs are also very cushy. The knock on them ( / "cons" ) until recently was that they pay very less, almost 40% less, and that it's full of old people. But that has changed -- atleast in San Francisco and Bay Area where I live. Esp the City of San Francisco tech…
Federal pension is not that high, just so you know. It's 1%/year, unless you have 20+ years and retire at 62 (not collect, you are still working for the government at age 62 and retire with 20+ years of service). Then it's 1.1%/year. With 17 years you get 17% of your high three year average. You can't collect that pension until you're 62, unless you want to take a penalty. Now, if you're including the TSP (401k equiv…
Still, if you assume something like a 4% return (maybe comparable to the bonds behind them?), that 1.1%/year amounts to another 27.5% on top of your gross pay.
And that's not considering the likelihood that you'll be earning more at the end of your tenure than at the start. You're effectively earning that significant fraction of your final pay on top of whatever you see in your pay check.