I work in the federal government of Canada

my salary is around $95K. Our CFO makes around $180K, plus 10% bonus.

Our entry level employee makes around $45k to $55k.

The government pension plan is that you get 2% of the average of the highest accumulative 5 years' annual salary for every year working in the government. So if you work in the federal for 35 years, and your highest 5 years' salary is 100k, then at retire, you will get $70k annually.

Many people, especially if you have made to a decent level in the government, will be re-hired as a consultant after retirement, then they will be able to make two streams of income, one from the pension, the other from consulting fees. I know a few senior directors making approximately $150K (before tax) from consulting, while making another approximately $100K from pension. Not too bad.

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• But you have to tolerate the boring life -jennybunny- ♀ (385 bytes) () 01/04/2009 postreply 10:44:47