DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
except that the numbers regarding U.S. elected officials are completely inaccurate. They are covered by the FERS like any other federal employee.
ReplyDeleteAnd that 50% of the member's pay is just base pay, and it's taxable. No housing allowance, no cost of living allowance, no food allowance, no special duty pay, etc. Someone who spends 20 years and comes out, say, an E-7 (a Navy Chief Petty Officer, an Army Sergeant First Class, a Marine Corps Gunnery Sergeant, an Air Force Master Sergeant) is going to bring home the grand sum of about $2200 each month, taxable, or $26,000 per year, the equivalent of somebody making $13.00 per hour at a 40 hour per week job.
ReplyDeleteUnless there's income from some other source, it's a sure thing that this person will be required to have another job after retirement, starting over at about age 40 or older.