Quote:
Originally Posted by Mike F
Wow, what's the count on the number of completely unfounded assumptions / talking out his a**-isms in that one paragraph alone? We have no idea how much of the $1.6B savings is made up of salaries. I can tell you that my father worked for the federal government for 35+ years, ending up in a regional manager position, and he wasn't making 80-100K with full benefits. And anyone who thinks that every or even most people laid off in this economic environment will simply walk into a new job in short order that is anywhere near comparable hasn't been paying attention to the real world.
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If he worked for 35 years, then he's eligible for full DB pension.
@70K year, 3% inflation, for 15 years that's about $835K in PV...
Did he save $835000 when he worked?