Papachristou wrote:my mistake, any pension period. the fact remains after they retire, they continue to receive money and health care contributions whereas MOST private sector companies do not offer this.
They do not get health care "contributions". They are allowed to purchase PRIVATE health care coverage via payroll DEDUCTIONS from their pensions.
The thing is, you have some fantasy that govt workers just stop working and get some super pension that pays all the bills. Do you have somebody you know directly, and have talked about this with? I doubt it, because you don't know what you are talking about.
The fixed pension based on high 3 salary and number of years of service is a great benefit. Most govt workers couldn't retire on that alone. If they don't contribute to the TSP they will not have enough income at retirement.
The private sector companies offer higher matching, and many do still offer some defined benefit pensions, most do not because many people think they can get a better return "on their own". They also offer profit sharing, bonuses, company stock, etc...
But I am just a govt leach, what do I know.