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Federal Contractors


Are you one of the millions who work for Uncle Sam but is not employeed by him? If so, then you are part of the federal contrators' world. This forum is created to allow contrators to share experiences and give insight to others.

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rookieguy  
#1 Posted : Sunday, March 31, 2019 2:21:38 PM(UTC)
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I have been in IT for long time, however, I got my TS last year for my work in military. I am in reserves, and currently work as a senior BA/Scrum Master role for a product company. Pay is good and handsome, but I feel I am not contributing enough to the nation.
I was evaluating Defense Contracting. I am not sure if it will be a good or bad move. I have friends who worked there and this is what they say
1. The jobs are flaky, technology is old, and not secure. Now what is secure in IT?
2. You will not learn much, from where you at, so try to grow inside your organisation.
My current employer don't understand anything about how reserves work, and I always get an eye for taking FTO plus annual training plus any other school. I might go for deployment next year or I might go to reclass school . My employer , says nothing but is not supportive of it.
In that scenario, I been talking to switch jobs.
Any advice?
Exit7A  
#2 Posted : Sunday, May 26, 2019 3:22:17 PM(UTC)
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Originally Posted by: rookieguy Go to Quoted Post
I have been in IT for long time, however, I got my TS last year for my work in military. I am in reserves, and currently work as a senior BA/Scrum Master role for a product company. Pay is good and handsome, but I feel I am not contributing enough to the nation.
I was evaluating Defense Contracting. I am not sure if it will be a good or bad move. I have friends who worked there and this is what they say
1. The jobs are flaky, technology is old, and not secure. Now what is secure in IT?
2. You will not learn much, from where you at, so try to grow inside your organisation.
My current employer don't understand anything about how reserves work, and I always get an eye for taking FTO plus annual training plus any other school. I might go for deployment next year or I might go to reclass school . My employer , says nothing but is not supportive of it.
In that scenario, I been talking to switch jobs.
Any advice?


Everyone's experience is different. As long as you have an exit plan, than working as a contractor is no different than any other job. The thing you will need to remember is you are responsible for building your retirement nest egg. Working as a contractor will (or should) pay significantly more than your civil servant but you should put away additional percentage of your income towards your retirement. For example, a new civil servant pays 4.4% towards their retirement and would need to put away an additional 5% in TSP to get the agency match of 5% (there's some funny math but put away 5% and get 5%). Most company's will match about 3% to 4% towards your 401K (similar to TSP) so you would need to set aside another 6% on your own.

If you have already started working as a contractor, how is it? Do you enjoy it?
That's all I got to say about that.
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