I don't believe it works that way. The Pension is earned, it's in his job offer with the Federal Gov't. I believe it's approx. 1.1% of his top 3-year average, for each year with the Federal Gov't.
So, if he was making $200K and worked 30 years, that would be (0.011 x 30 x200,000) or about $66K/year for life. Social Security and any Thrift (Gov't 401K fund) is additional - just like any other job.
Now, if he is charged and convicted of a Felony, that's something different. But, just like your job; if you paid into a 401K and you walk out after vesting; it's your money.
But as far as severance goes, he resigned effectively 19JAN.
No fucking pension, severance, nothing. He resigned.
I don't believe it works that way. The Pension is earned, it's in his job offer with the Federal Gov't. I believe it's approx. 1.1% of his top 3-year average, for each year with the Federal Gov't.
So, if he was making $200K and worked 30 years, that would be (0.011 x 30 x200,000) or about $66K/year for life. Social Security and any Thrift (Gov't 401K fund) is additional - just like any other job.
Now, if he is charged and convicted of a Felony, that's something different. But, just like your job; if you paid into a 401K and you walk out after vesting; it's your money.
But as far as severance goes, he resigned effectively 19JAN.
He won't need a pension.
Hopefully that is true. And he has a sea breeze off the Gulf Stream humidifying his accommodations.
correct... but he will need a PRISON!