Federal Employee Retirement System
FERS employees contribute to a government pension and to Social Security. How these two combine are how a FERS employee has retirement income. Also, don’t forget about your TSP because the system is designed to leverage all 3. Let us help you maximize what you get when you retire.
FERS news
-
FERS Sick Leave Credit: Understanding How Unused Sick Leave Is Used In the Calculation of a FERS Annuity
On Oct. 28, 2009, President Obama signed the National Defense Authorization Act. The new law contains several retirement changes that will affect federal employees. One change that takes effect immediately will allow those employees covered by the Federal Employees Retirement System (FERS) to credit their unused sick leave in the... -
Insurable Interest Survivor Benefits
Guide to Insurable Interest Survivor Benefits and Lump-Sum Payments (CSRS and FERS) Before retirement, a federal employee may elect a reduced annuity (CSRS or FERS, or both annuities in the case of a “trans” FERS employee) in order to provide an insurable interest benefit to a current or former spouse... -
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 Regular employees: 0.8% to FERS Retirement &... -
Best Dates to Retire
This column discusses the best dates to retire during 2011, 2012 and 2013. One aspect of choosing a retirement date that every employee should be aware of: Assuming they have fulfilled minimum age and service requirements, every federal employee — no matter which retirement system he or she is covered... -
FERS Spousal Survivor Benefits upon the Death of an Employee or an Annuitant
The basic employee death benefit (BEDB) is a benefit payable to the spouse of a deceased employee who met the following eligibility requirements at the time of his or her death: (1) completed at least 18 months of creditable civilian service; and (2) died while subject to FERS deductions. In...