Comment on Is there any way the average American can insulate themselves from the AI bubble bursting?
IamtheMorgz@lemmy.world 2 days agoSort of. I’m a gov worker (non fed) and mine is a joke. 1% of salary per year of service. Not very significant. The old scheme was 2.5, I think, and before that it was 30 years to full salary. I still work with people on that old one, and they’re about at the full 30. In a generation it’s gone from a nice retirement to being more like a supplement. We do pay into SS now though so I guess that’s meant to replace it.
Rooster326@programming.dev 2 days ago
Been to 3 jobs that offer pensions and they all tell the same story you’re giving.
It’s right in the handbook. Hired before X date and you get 25 years to full salary retirement. Before Y date and 30. Hired after 2008 and it’s all the same. 33 Years gets you 33% of your salary. Which ain’t gonna be worth much thanks to inflation.
I worked next to people who at 60 had a full pension coming in, and then collected a full second salary because they’re allowed to DROP - which means work and collect the pension. One morherfucker was working on retiring twice to keep working. That is no longer an option for my generation either.
The older generation literally chopped down all the trees, planted fuck all, and hope to live in their McMansions they bought with Inheritance (of which they plan to leave none). Shits fucked.
Tollana1234567@lemmy.today 2 days ago
alot of people are also working after retiring otherwise. pension aint enough anyways,.