Lately, it's been getting a bit of interest because some parties see it as a threat to much - loved Defined Benefit (DB) pension plans
for federal government workers and Crown Corporation employees, (such as Canada Post, CBC, Via Rail, etc.).
Washington (CNN)- The number of
furloughed federal government workers applying for unemployment assistance is continuing to rise as the partial government shutdown continues into its third week.
Federal government worker Average age at retirement: 58 Years of service: 26 Years collecting a pension: 27 Estimated value of pension at retirement: $ 560,000 to $ 660,000 (based on a projected real return of 2.8 % to 4.3 % a year) Amount of pension currently contributed by the employee: 33 % Pension benefit is equivalent to what percentage of worker's salary?
Those employed by the government also earn higher - than - average salaries with state workers earning $ 36,790 a year and
federal government workers earning $ 38,180 per year.
Taxes on 1099 workers (independent contractors) either quarterly or once a year to the federal government
As an author of the U.S. Drought Monitor, which produces weekly drought information for everyone from farmers and ranchers to
federal government workers, Fuchs points out that timely observations can help the U.S. Drought Monitor provide better information about current conditions.