[QUOTE=The Dad Fisherman;828892]Those that are grandfathered in recieve a pension, Government employees hired after 1984 are enrolled in FERS, which is comparable to a 401k (not exactly, but comparable).
FERS is running a cash flow deficit. This is a new phenomenon. FERS is converting itself into a defined contribution plan that will address some of the problems. However the cash drain experienced in 2010 will not be reversed in the foreseeable future. It will increase.
January 2011
factor in :
Even controlling for the effects of census employment,
federal employment has increased constantly throughout the recession and into today. Since January 2008, net of census hiring,
the federal government has grown by 3.5 percent, gaining 98,000 jobs.
What about employment in the rest of the economy? Since the beginning of the recession,
state governments have added 42,000 employees to their payrolls. Local governments have cut 258,000 jobs (1.7 percent of their January 2008 workforce). Overall, total government employment has shrunk by 0.5 percent since January 2008. And the private sector has lost 7.2 million jobs, or 6 percent of its January 2008 workforce.
if you are perpetually on unemployment...you are essentially a government worker...are you not?
read about the new bureaucracies, offices, commissions, buildings, titles, and on and on.... jobs being "created" to institute and manage Obamacare and your head will really spin