| In terms of benefits, here's an anecdotal comparison with a senior engineer (5-10 years experience) at a mid-level start up I worked at. * Federal Pay (GS-12): $100,000
* Startup Pay: $150 base + $25 k bonus + equity * Federal Health Insurance (United mid-tier plan, no family): $2,500/year
* Startup Insurance (United mid-tier plan, no family): $0/year * Federal Leave: 20 days (after 4 years in federal government)
* Startup Leave: Unlimited * Federal Sick Leave: 13 days
* Startup Sick Leave: Unlimited The pension I'm talking about actually isn't the TSP (which is fine, but slightly more expensive than comparable Vanguard funds). All federal employees must contribute 4.4% of their salary to the FERS now which is taken out of their base pay just like their health/dental/fegli. It used to be 0.8% but congress gutted it a few years ago. FERS takes decades before it's more than pocket change and the same money invested in the market would yield higher expected returns without requiring you to work 20 years in gov to benefit from it. |