State Government Retirement (Tier III), is it really that bad?
Early career employee who started a few years ago. Currently late 20's and have not had retirement options at previous full-time jobs. Curious if being on the tier III retirement is worse-off than most private-sector people with companies that match 401K contributions.
It's easy to understand that yes, tier III is worse in many ways compared to tiers I & II. However, I have no comparison and do not know enough older adults that talk about these things.
Currently enjoy my position, and the benefits I receive. The health insurance and time off is better than anything I ever had previously.
Curious what the opinions are of those who are in state government currently, and especially those of people who have left and went into the private sector.