Quote:
Originally Posted by Jim in CT
I saw that, and I found that interesting. In your area (are you in Mass?) do IT workers in the private scetor get guaranteed pensions? If not, that's something you need to consider when comparing public to private. If public salaries are 5% less than the private scetor, but they get pensions, then in my opinion total compensation is much higher in the public sector.
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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).
http://www.opm.gov/forms/pdfimage/RI90-1.pdf
Most of the guys I work w/ are not grandfathered in, so they are comparable to private sector
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