Benefit eligibility is determined by a worker's age and the number of years of service. Key Takeaways The Federal Employees Retirement System (FERS) is a defined-benefit retirement plan for civilian employees of the federal government. The program went into effect in 1987 and replaced the Civil...
The proposed cuts include an increase in FERS employee pension contributions, elimination of the FERS annuity supplement, changing the high-3 years average salary to high-5 years for measure of pay used to calculate FERS (and CSRS) benefits, and FEHB eligibility auditsmore… ...
FERS+CSRS is a valuable tool for do-it-yourself planning. We highly recommend you seek professional guidance and education. Estimates are no guarantee of retirement eligibility or income. FERS+CSRS is not affiliated with any government agency. ...