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The govt also contributes 1% of salary each year to an IRA. For an employee making $60,000, that amounts to a $24K
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I'd hope that after 30 or 40 years, that 1% in an IRA is a lot more than $24k.....
And how many college educated civil service employees make as little as $60k? GS-11 has become a working wage for most a year or two out of college...
They get lot of year at $60k+
That pension and IRA are better than most in the private sector.