Yeah. When I was 2 years into my working life (in tech), I was still taking advice from my dad (who worked in two government agencies his entire life). When I told him I’m switching jobs (for the first time), he told me to consider working in government because the longer you work there, the better your pension at retirement. This was at a time when the tech boom was starting, IT jobs were becoming the highest paid in the market, and switching every couple of years gets you paid better than a promotion. As a 20 year old in tech, the low salaries in government wasn’t exactly enticing.
I don’t understand, that is decent advice. Pensions are nearly impossible to get outside of government work.
If he suggested not moving companies because you’d be wasting time towards a pension at that private company, that indicates an outdated worldview, because that used to be common and no longer is. He correctly has identified that government work is one of the only ways to get a pension these days.
Because back in my home country, government salaries are abysmal. Yes the pension is great, but you’ll basically be living on a low salary that is just enough to get you by, your entire life. A career in tech paid more than double (sometimes triple) and you can invest for your retirement in other ways to supplement your social security benefits.
It was basically advice from someone who lived in a time when government was your best option for a job, and tenure was more valued.
Yeah. When I was 2 years into my working life (in tech), I was still taking advice from my dad (who worked in two government agencies his entire life). When I told him I’m switching jobs (for the first time), he told me to consider working in government because the longer you work there, the better your pension at retirement. This was at a time when the tech boom was starting, IT jobs were becoming the highest paid in the market, and switching every couple of years gets you paid better than a promotion. As a 20 year old in tech, the low salaries in government wasn’t exactly enticing.
I don’t understand, that is decent advice. Pensions are nearly impossible to get outside of government work.
If he suggested not moving companies because you’d be wasting time towards a pension at that private company, that indicates an outdated worldview, because that used to be common and no longer is. He correctly has identified that government work is one of the only ways to get a pension these days.
Because back in my home country, government salaries are abysmal. Yes the pension is great, but you’ll basically be living on a low salary that is just enough to get you by, your entire life. A career in tech paid more than double (sometimes triple) and you can invest for your retirement in other ways to supplement your social security benefits.
It was basically advice from someone who lived in a time when government was your best option for a job, and tenure was more valued.
Sounds like a trade in stability for growth. Just be sure to invest in your future too.