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CSRS
CSRS Overview
| Classification |
Generally, all federal and postal employees hired before 1984 (unless they 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: 7.0% to CSRS Retirement & Disability Trust Fund 1.45% to Medicare There is no contribution to Social Security
Special employee groups: (law enforcement, firefighters, air traffic controllers) 7.5% to CSRS REtirement & Disablity Trust Fund 1.45% to Medicare There is no contribution to Social Security |
| Thrift Savings Plan |
CSRS employees can contribute up to $15,500 (in 2008) of basic pay per year. There are no matching contributions to the TSP from the government for CSRS employees. | |
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