Hacker News Reader

Comment by danmaz74 | Hacker News Reader

> They get amazing pay

Who gets amazing pay? How much are we talking about? I don't know about the USA, but usually public employees don't earn that much (in exchange for high job security).

View on HN

Fair point, the pay you can get elsewhere might be higher. I tend to think anything over $60k a year to be pretty good, which a GSA scale employee can get to in just a few years. Pay raises are almost guaranteed unless there is a budget issue, but even then you get it all eventually. They do max out at about $140k, though. The magic is to retire after 20 years, get the pension, and then get another job in the private sector and double dip. That's the real brass ring.

And 140k is a lot of money if you factor in a guaranteed pension. You have to make a lot of money to finance this yourself.

The pension has been slowly getting worse and worse though. With the newest version of FERS we are at 1% per year at service annuity partially financed with a 4.8% employee paycheck deduction.

That's possible but it's still a great deal compared to saving for retirement yourself. And if you work in Congress you often get an accelerated schedule so one year there counts for several years toward your pension.

>And if you work in Congress you often get an accelerated schedule so one year there counts for several years toward your pension.

That's true, but the only real people who benefit is the Member and maybe their CoS. Congress staffers make joke salaries in general. The reason people take those jobs is either a sense of duty or as the requisite training program to become a lobbyist.

There are two types of staffers. Some of them make very good money (way above 100k) and others do it for the idealism.

In DC/NOVA area $60k a year qualifies you for rent subsidy and other welfare benefits. That said $60k is not what federal employees in the DC area start at, nor is $140k what they normally end at. It's more around $80k - $155k ($180k-$190k if you hit management).

I'm in the NoVA area. Really? I've got to look into this. Thank you! I will report back with what I find.

Employees of the big agencies in DC make very good money from what I know.

The absolute highest paid government workers make on par with what is typically claimed on HN to be average for an entry-level developer in SV. A typical mid-level government employee makes much, much less.

SV is an outlier. For everybody else the goverment salary with defined pension, health care and job security is a very good deal.

Reply on news.ycombinator.com