CSRS / FERS Federal Retirement Planning Tools and Resources: Thrift Savings - TSP, FEGLI, FEHB and more.
Home     Articles     News     Resources     GS Pay Scale 2014     Find A Professional     Retirement Seminars     FREE NEWSLETTER    
 Financial Professionals Directory

Find a financial professional in your area. Click here


 Retirement Seminars

Federal retirement seminars for agencies.
Learn more
.


 Top 5 Resources

1. TSP Roth option
2. GS pay scale 2014
3. Best dates to retire
4. Latest TSP returns
5. Discount dental plans


 CSRS Retirement
 Overview - CSRS
 Eligibility - CSRS
 Creditable Service -CSRS
 Survivor Benefits - CSRS
 Annuity Calculation-CSRS
 FERS Retirement
 Overview - FERS
 Eligibility - FERS
 Creditable Service -FERS
 Survivor Benefits - FERS
 Thrift Savings Plan
 Thrift Savings -Overview
 TSP Investment Choices
 TSP Loan Program
 TSP Contributions
 TSP Roth Option
 TSP Withdrawals
 TSP Returns
 TSP.gov Account Access
 TSP Forms Library
 TSP Talk Online Forum
 Insurance
 FEGLI - Life Insurance
 FEHB - Health Benefits
 Medicare
 FEDVIP - Dental/Vision
 FLTCIP - Long-Term Care
 FSAFEDS - Flex Spending
 Financial Planning
 Calculators
 Tax Tips
 Find A Professional
 Retirement Seminars
 Retirement Benefits Tax
 Retirement Living
 Relocation / Real Estate
 Retirement Jobs

_

Home | Overview - FERS | FERS Retirement

FERS Retirement

Printer-Friendly Format

FERS Retirement Overview

Classification Generally, all federal and postal employees hired after January 1, 1984 (or CSRS-covered employees that opted for FERS coverage in one of the open seasons in 1987 or 1998)
Benefits Annuity offering guaranteed lifetime retirement income with a survivor benefit annuity option
Employee contributions

Regular employees:
0.8% to FERS Retirement & Disability Trust Fund
1.45% to Medicare  
4.2% of first $110,100 of wages (in 2012) to Social Security

Special employee groups: (law enforcement, firefighters, air traffic controllers) 
1.30% to FERS Retirement & Disablity Trust Fund
1.45% to Medicare  
4.2% of first $110,100 of wages (in 2012) to Social Security

Thrift Savings Plan FERS employees can contribute up to $17,000 (in 2012) of basic pay per year.  The government automatically contributes 1% of employee's basic pay to the TSP;  up to 5% of basic pay depending on the amount of the employee's contribution. 

Revised: 03/07/12





·  CSRS Offset



Featured Columnist
Read federal retirement articles written by federal benefits expert and Certified Financial Planner, Edward Zurndorfer

Recent Articles & Resources
 What to Consider During the Federal Benefits Open Season
 Recent Surge in the Stock Market and Size of TSP Accounts Has Renewed Interest in Early Retirement
 Strategies to Ease Student Loan Repayment Burden
 2014 FEHB Open Season: New Plan Brochures, Premium Rates and Comparison Tools Now Available
 Thrift Savings Plan (TSP) Returns: Monthly and Annual - G, F, C, S, I and L Funds Updated: Novem