My NM retirement annuity also is slightly bigger than my highest 3 year working average. However, that annuity comes from PERA, which is entirely funded by employer and employee contributions and investment income; the Legislature cannot touch the funding as there is a state constitutional provision that keeps them out. The contributions were a one-time expense for the state. The Feds would do well to do the same.
So; who does project management for the Feds? In the past 10 years it's gone from GS 14/15s to, in many agencies, down to GS 9s to 11s 'overseen' by 13s/14s. Mostly none at any level have subject matter expertise nor project management experience nor education. They end up utterly at the mercy of better-qualified corporate folks who know they need to keep projects going or be out of work. To be clear, most corporations contracting for the Feds make between 20% and 38% on labor, and typically between 4% and 8% 'fixed fee' and 1.5%-2% 'general and adminstrative fee (G&A) on each dollar authorized for expenditure. Often, the big corporations will 'sub-out' much labor, often of foreign nationals, as well. Efficacy of the expenditures will be checked about 3 years later by M&E contractors (not Feds).
This is madness.