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Federal Employee Retirement System (FERS)

What is 'Federal Employee Retirement System - FERS'

A system that became effective in 1987 and replaced the Civil Service Retirement System (CSRS) as the primary retirement plan for U.S. federal civilian employees. Retirement benefits under FERS are accumulated in three ways: a) through Social Security benefits, b) through a basic benefit plan for which the employee is charged a nominal amount and c) through a Thrift Savings Plan (TSP), which comprises automatic government contributions, voluntary employee contributions and matching government contributions.

Explaining 'Federal Employee Retirement System - FERS'

Retirement benefits under FERS are structured as annuities. Eligibility and payment amounts are based on age, years of service and contributions to the plan. Although less generous than CSRS was, FERS is more generous than many corporate plans.

Federal employees hired after 1983 are automatically covered by FERS, rather than CSRS.


Further Reading


Financial incentives and retirement: evidence from federal civil service workers
www.sciencedirect.com [PDF]
… age 50 or had served in one of the armed services prior to becoming a federal employee … 2001 BJ AschThe Pay, Promotion, and Retention of High-Quality Civil Service Workers in the … R. Moffitt, J. WarnerThe dynamics of job separation: the case of federal employees. Journal of …

Federal Employees' Retirement System: Benefits and FinancingFederal Employees' Retirement System: Benefits and Financing
digitalcommons.ilr.cornell.edu [PDF]
… age 50 or had served in one of the armed services prior to becoming a federal employee … 2001 BJ AschThe Pay, Promotion, and Retention of High-Quality Civil Service Workers in the … R. Moffitt, J. WarnerThe dynamics of job separation: the case of federal employees. Journal of …

Pension education: Does it work? Does it matter?Pension education: Does it work? Does it matter?
search.proquest.com [PDF]
… age 50 or had served in one of the armed services prior to becoming a federal employee … 2001 BJ AschThe Pay, Promotion, and Retention of High-Quality Civil Service Workers in the … R. Moffitt, J. WarnerThe dynamics of job separation: the case of federal employees. Journal of …

An examination of the Federal Employee Retirement System (FERS) survivor annuity benefit.An examination of the Federal Employee Retirement System (FERS) survivor annuity benefit.
search.ebscohost.com [PDF]
… age 50 or had served in one of the armed services prior to becoming a federal employee … 2001 BJ AschThe Pay, Promotion, and Retention of High-Quality Civil Service Workers in the … R. Moffitt, J. WarnerThe dynamics of job separation: the case of federal employees. Journal of …

Federal Employees' Retirement System: Budget and Trust Fund IssuesFederal Employees' Retirement System: Budget and Trust Fund Issues
digitalcommons.ilr.cornell.edu [PDF]
… age 50 or had served in one of the armed services prior to becoming a federal employee … 2001 BJ AschThe Pay, Promotion, and Retention of High-Quality Civil Service Workers in the … R. Moffitt, J. WarnerThe dynamics of job separation: the case of federal employees. Journal of …

Does pension plan structure affect turnover patterns?Does pension plan structure affect turnover patterns?
academic.oup.com [PDF]
… age 50 or had served in one of the armed services prior to becoming a federal employee … 2001 BJ AschThe Pay, Promotion, and Retention of High-Quality Civil Service Workers in the … R. Moffitt, J. WarnerThe dynamics of job separation: the case of federal employees. Journal of …


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