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Old 07-07-2005, 01:04 PM   #2815
Mmmm, Burger (C.J.)
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Location: Pop goes the chupacabra
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Why oh why did my 401k die?

Quote:
Originally posted by ltl/fb


ETA can gov't workers commence their pensions after 25 years? Or do they just have some fucking incredibly long vesting schedule? I'll be entitled to some tiny amount (at age 65) after I'm here 5 years, or when they freeze the plan, whichever comes first.
The fed'l gov't plan (civilian--military is different) vests after 5 years, but can't be taken until 62 (or 65, or somewhere thereabouts). And it's based on some formula, that i think is pretty typical, like avg. of high-three years of salary, multiplied by years of service divided by 30, and then maybe there's some further multiplier reflecting whether you took it early or late.
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