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  2. Federal Employees Retirement System - Wikipedia

    en.wikipedia.org/wiki/Federal_Employees...

    The Federal Employees' Retirement System (FERS) is the retirement system for employees within the United States civil service. FERS [1] became effective January 1, 1987, to replace the Civil Service Retirement System (CSRS) and to conform federal retirement plans in line with those in the private sector. [2] FERS consists of three major components:

  3. Congressional pension - Wikipedia

    en.wikipedia.org/wiki/Congressional_pension

    The current pension program, effective January 1987, is under the Federal Employees Retirement System (FERS), which covers members and other federal employees whose federal employment began in 1984 or later. This replaces the older Civil Service Retirement System (CSRS) for most members of congress and federal employees.

  4. Federal Retirement Thrift Investment Board - Wikipedia

    en.wikipedia.org/wiki/Federal_Retirement_Thrift...

    The Thrift Savings Plan is a tax-deferred defined contribution plan similar to a private sector 401(k) plan. The Thrift Savings Plan is one of the three parts of the Federal Employees Retirement System, and is the largest defined contribution plan in the world. As of August 2021, the board manages $794.7 billion in assets on behalf of 6.4 ...

  5. How to Calculate Your High-3 for Federal Retirement - AOL

    www.aol.com/calculate-high-3-federal-retirement...

    Here are four situations that may reduce your federal retirement non-disability benefits: Age. Benefits may be reduced if you retire before the age of 62.

  6. Here are the biggest retirement changes coming in 2023 - AOL

    www.aol.com/finance/biggest-retirement-changes...

    Changes to retirement plan contributions. ... Workers who have a 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan can contribute up to $22,500 next year, up 9.8% ...

  7. New Federal Proposal Could Give You a 5% Match on Retirement ...

    www.aol.com/finance/federal-proposal-could-5...

    The group fears that giving workers access to the federal retirement plan would encourage private employers to drop their 401(k) plans and send workers to the Thrift Savings Plan, especially ...

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