AAABatteries
Footballguy
Don't like vacations, can't afford them or banged a tranny by accident one time and decided it's best to avoid?I'd rather get paid outI don't really do vacations.
Don't like vacations, can't afford them or banged a tranny by accident one time and decided it's best to avoid?I'd rather get paid outI don't really do vacations.
I have some friends who are feds and always wondered how their pension worked but didn't want to be too nosy. I just assumed if their highest average 3 years was $150k they would get $150k/yr until they died, this seems too good to be true.You get yearly pension based on length of service and average of high three year salary. One percent for each year up to 20 than 1.1% thereafter.
Mostly 1, but there was that one week in Thailand that's a little fuzzy. Its not necessarily that I don't like them, but I just don't have enough fun to justify the cost. I do them now b/c of the kids, but once they're gone, I doubt I'll do one unless its a family one where I can spend time with my grown up kids and the grandkids.Don't like vacations, can't afford them or banged a tranny by accident one time and decided it's best to avoid?
I rarely post from work, sublamo..Dirtbag, eh? What do you call an employee with 80K+ posts on a message board?
There is a minimum retirement age which is like 52 or something. Plus there is social security and some matching 401k type accounts. There was a previous retirement system for people who started before 1985 which they could get about 80 percent of their salary which was a really sweet deal unless you were a taxpayer.I have some friends who are feds and always wondered how their pension worked but didn't want to be too nosy. I just assumed if their highest average 3 years was $150k they would get $150k/yr until they died, this seems too good to be true.
Based on your post, say they retired at 20 years with a 3 yr high avg $150k, would they be looking at $30k/yr (150000x.20) for their pension?
Spinoff question: Say they retire at age 45 after a 20 year career (fed LEO), does their pension kick in at age 45 or do they have to wait until 55/65/etc to start receiving benefits?
TIA
Not maybe. I've seen two cases where people ran out of sick leave, ran out of donated leave, and spent weeks on unpaid leave. The volunteer leave program is designed to cover multiple people at a time and eventually that bank is gonna go broke. So those "gaming" the system and saving enough for the unexpected are not only cyoa but also covering the people who really need donations from that program.Maybe, but the leave sharing is supposed to help with that. I have no idea if it works, as right now I can't contribute even though I get the emails every few weeks. (stupid "Xgroup-all" emails)
No ####. Sounds like a great company. Unless you are a pesticide test subject or something.Unlimited paid sick days. But monitored by management for "abuse". We won't put a number on the days because then everyone would just "use all their sick days" or we wouldn't be able to offer flexibility in extreme cases. We are an employee owned company so maybe the atmosphere is different, but no one really abuses it. I think I average maybe 1 sick day a year. That being said, we have 100% short term disability and when I tore my knee up very bad I ended up missing 5 out of 6 months due to multiple surgeries, rehab, etc. I was still paid at 100% for that time period. That's pretty awesome and saved my family from experieincing any other financial difficulties during that time. Our medical is still 100% paid by the company. It's a pretty good company to work for.
Correct. Prior system was CSRS, which was the 80%ish of your high salary or whatever for many federal agencies. New system is FERS, which is the 1% of highest avg 3 years x number of years as the pension, plus the 401k and TSP matching.There is a minimum retirement age which is like 52 or something. Plus there is social security and some matching 401k type accounts. There was a previous retirement system for people who started before 1985 which they could get about 80 percent of their salary which was a really sweet deal unless you were a taxpayer.
Damn... you've compiled 80K posts on your own time? Good for you?I rarely post from work, sublamo..![]()
14 years of really hard work. Tim did it in less than half the time and he doesnt post much in game threads which probably account for a third of my posts. Guy is a machine.Damn... you've compiled 80K posts on your own time? Good for you?
What 401k? TSP is 401k-like, but do you mean a separate 401k?Correct. Prior system was CSRS, which was the 80%ish of your high salary or whatever for many federal agencies. New system is FERS, which is the 1% of highest avg 3 years x number of years as the pension, plus the 401k and TSP matching.
My old agency had a big need for people to work in the NYC area during the mid 2000s. Because there was a geographic pay differential in our salaries it was also included in your pension calculation. So these guys prior to retiring would take jobs in NYC for their final 3 years, see their geo pay go from like 3% above their base salary to the NYC figure of 33% add on to base. So if their highest salary in Texas was $150K for example, moving to NYC for 3 years would change their high 3 to $200K and they just cleared an additional $40K ($50K * 80%) a year for LIFE.
A lot of them left their families back home and would just split apartments with each other. Probably the best 3 years of their lives.
Understood that it happens, it's a risk. We had one employee in a similar situation. I think I'll do it similar to your plan but with 5 kids I might have to take more sick leave at first. It's funny though, I've managed federal service civilians for a few years and worked with them longer, none take vacation days when they're sick - but it makes sense.Not maybe. I've seen two cases where people ran out of sick leave, ran out of donated leave, and spent weeks on unpaid leave. The volunteer leave program is designed to cover multiple people at a time and eventually that bank is gonna go broke. So those "gaming" the system and saving enough for the unexpected are not only cyoa but also covering the people who really need donations from that program.![]()
Busy work? I read professional articles and sites (and here), walk around and talk to colleagues. Getting to know teammates is part of the fun even if it is inefficient.So when work is slow do you just twiddle your thumbs or make busy work? I found a lot of times people logging the most hours are among the most inefficient.
No ####. Sounds like a great company. Unless you are a pesticide test subject or something.
I'll go take a walk if it's warm and look at all the DC broads. I always have something to do though and I always try to stay ahead of things.So when work is slow do you just twiddle your thumbs or make busy work? I found a lot of times people logging the most hours are among the most inefficient.
When I was with the Treasury Dept through 2014, I got something like an automatic 2% contribution into my TSP, another 3% matched, and then another 3 or 4% match into a separate 401k account managed by Schwab. Numbers are approximate.What 401k? TSP is 401k-like, but do you mean a separate 401k?
Fed here and I have just over 200 SL right now. When I first got hired, within a couple of months I came down with chicken pox. Yes, chicken pox. I worked in a hospital and was sent home for a solid two weeks. My boss somehow arranged for me to go negative in SL hours. It took a while to finally break above zero. But, when my kids were younger, my wife worked and did not earn leave. Therefore I took SL to take them to their appointments.I just sent an email to my staff today telling them how to properly use sick leave as a federal employee. We get 13 days a year and you can carry over every single hour from year to year until you retire.
I average 28 sick hours per year, or about four days. This includes dentist appointments, sick kids, my annual contraction of gonorrhea, etc. I have an employee with 15 years as a fed who has 49 sick hours available, he has accrued 1500+ hours over his career. That's a dirtbag, that's someone cutting corners. I can look at an employee's sick hour status, how long they've been in service, and what they are using their sick hours for in the first 6 months I'm their boss and know what kind of employee they are. If you have 15 years of service and never had cancer, you should have at least 10 weeks of saved sick leave (400 hours). If you don't, you're a dirtbag.
Man, this would be awesome. My work can be very cyclical - there are times when I could work a month and take a month.Cold Dead Hands said:I accumulate comp time for working more than 40 hours per week. No max.
Man, some of these sick day policies are are built around the days of leprosy and malaria. Seriously. We have drugs and stuff now. 20 days of sick leave?20 vacation days, 20 sick days, 2 personal days accumulated per year.
30 vacation day, 20 sick day cap. And, we get to convert sick leave to vacation every year at 0.5:1 with a max of 6 converted days.
I don marketing stuff for an insurance company.
If you've worked with an aging population, including people who have gotten cancer, you'll appreciate having a larger cap. 20 days per year might be a lot but the cap should be much higher imo.Man, some of these sick day policies are are built around the days of leprosy and malaria. Seriously. We have drugs and stuff now. 20 days of sick leave?
If you’re leaving vacation days on the table this year, you’re not alone.
More than half of people who get paid vacation time won’t use all their days off this year, and it’s often not just one or two wasted days. A report from New York-based Bankrate.com found the average amount of leftover days is 19, and the median is seven.
Millennials are the biggest hoarders. One in four workers in the 18-25 age group say when the calendar flips to 2017, they will not have used a single day from 2016. That’s compared with fewer than one in 10 employees overall.
“Younger millennials in general feel that they’re laying the foundations of their career,” said Sarah Berger, personal finance expert at Bankrate.com. “They feel like they have something to prove and that’s really why they’re not taking as many days off.
Banking the days to be used the following year is the most popular reason for not using vacation days, but other reasons reflect today’s worries in the workplace.
Twenty-three percent said they feared the mountain of work that would await them upon their return from time off. Other reasons for eating the days included enjoying work, not being able to afford a trip and worries about their jobs being at risk if they spend too much time away.
So what’s the problem with staying in your cubicle, diligently working away? Vacation is good for you, and good for your employer. It helps workers recharge, mentally and physically, and prevents burnout, said Lotte Bailyn, a retired professor at the Massachusetts Institute of Technology’s Sloan School of Management who has studied managerial practices and their effect on people’s lives for years.
“People need to replenish their energy, they need to do different kinds of things,” she said in an email. “Creativity comes more easily when people are not focused completely on what they’re doing, but have a chance to reflect.”
Besides benefiting from that creativity, employers benefit by saving on health care costs, she said.
Vacation days have become a casualty of a technology-driven work world, said Katie Denis, senior director and lead researcher of Project: Time Off, a campaign funded by the U.S. Travel Association to encourage people to take off the time due them.
“We’ve given people phones to use for work, we’ve given them the ability to work from home,” she said. “All of these things are great, but we don’t give them the ability to manage it.”
American workers left 658 million vacation days unused in 2015, according to Project: Time Off’s State of American Vacation 2016 report, released in June. About 222 million of those days were lost because they could not be rolled over or paid out.
That’s a lot of wasted benefits, Denis said. “That’s saying, ‘I’m going to work for free,’ and that’s to the tune of $61 billion,” she said.
America trails much of the world when it comes to using vacation time, according to Expedia’s Vacation Deprivation report, released last month.
American workers were given an average of 15 paid vacation days this year and used only 12, the report found. In contrast, Finnish, French and Spanish workers were given 30 and used all 30. Italian and German workers were given 30 days and took 25 and 28 days off, respectively.
How can U.S. workers get back on track? Plan better, Denis advised.
“You just need to make sure you’re blocking your calendar,” she said. “You’re not going to find time anymore, you have to make it.”
On the flipside the dirtbag I mentioned earlier told me last week that he had to leave early because his dog escaped the yard.This is for all you sick day warriors. Monday last week, a coworker sat down for our Monday meeting. I asked him how his weekend went, he said his wife gave him his nasty cold. After an hour long meeting of him coughing and blowing his nose we finished. Yes me and the 8 other employees in the meeting had the cold by Wednesday, Merry Fn Xmas you freaking idiot. SIGH, rant over.
You guys work at an HIV clinic?This is for all you sick day warriors. Monday last week, a coworker sat down for our Monday meeting. I asked him how his weekend went, he said his wife gave him his nasty cold. After an hour long meeting of him coughing and blowing his nose we finished. Yes me and the 8 other employees in the meeting had the cold by Wednesday, Merry Fn Xmas you freaking idiot. SIGH, rant over.
Yeah, good notebook, what about it?You guys work at an HIV clinic?