Belgie24-- Actually, my post on CSRS is a lot more accurate than yours. In approx '84 CSRS was no longer avail to fed employees. I guess you missed the part about those 'grandfathered' will have a CSRS pension unless they were of the few to volunteer into FERS. PLEASE tell me WHERE the FREE medical comes in. I know quite a few that are paying big bux for terrible medical coverage, all deducted from their CSRS acct. Most if not all are USPS retirees. If the rest of CSRS receives free medical those people should go to court as they are the only ones actully funded by their employer. Yes-- FERS employees can get up to 5% matching. They are also able to put in up to 13% of their base pay. You are wrong again! The F fund is another POS that is available. Actually, the C & F have been around since the beginning. About a year ago and (I)nternational, and (S)mall Cap fund were introduced. They also suck big time along with the mkts. The G fund has been around since the beginning and is a fund of govt bonds only available to FED pension plans. The G fund has a very good rate in comparioson to the general mkt. Now, who can retire on a bond fund. Are you aware these funds are only updated for employees once a month? Balances & values -- 1 time a month! If they decide to transfer funds it takes over 2 weeks. Great Crap. Have you checked the FEES associated with the crappy funds? I am aware of several that put in only enough to get the full match in the G fund. The rest of their retirement investing is done outside FERS.. As I stated-- the CSRS was very good but you will be very hard pressed to find anyone that thinks FERS is any where near as good as CSRS. Many FED employees are clients & only the CSRS will have a decent retirement, at least until SS kicks in.
Only the USPS puts $$ into CSRS, and their portion is underfunded by approx $5BB. The rest of CSRS funding comes from the taxpayers,, 100%.
AI
