In the fictional Lake Woebegone, Minn., all the children are above average. If you’ve listened to the political discourse around federal retirement, you’d think that all federal retirees live there, too.
Some federal annuitants no doubt are above national averages, in terms of retirement assets and guaranteed income. By and large—trust fund inheritors aside—that is due to decisions they have made over decades in terms of their lifestyle, and saving consistently and wisely.
It also is due to their decision to spend most of all of their careers working for an employer that for all its faults does offer a defined […]
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