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The Civil Service Retirement System (CSRS) is a public pension fund organized in 1920 that has provided retirement, disability, and survivor benefits for most civilian employees in the United States federal government.
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The United States Office of Personnel Management (OPM) is an independent agency of the United States government that manages the United States federal civil service.The agency provides federal human resources policy, oversight, and support, and tends to healthcare (), life insurance (), and retirement benefits (CSRS and FERS, but not TSP) for federal government employees, retirees, and their ...
Most new federal employees hired on or after January 1, 1987, are automatically covered under FERS. Those newly hired and certain employees rehired between January 1, 1984, and December 31, 1986, were automatically converted to coverage under FERS on January 1, 1987; the portion of time under the old system is referred to as "CSRS Offset" and only that portion falls under the CSRS rules.
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NFC is a designated Shared Service Center provider under the Office of Personnel Management (OPM), Human Resources Line of Business initiative. NFC's HR system suite supports core system services such as payroll and personnel action processing, as well as related HR operational services such as recruitment and position classification.
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The U.S. Army reported earlier this year that a single, 18-year-old enlisted member at the starting rank – pay grade E-1 with less than four months of service – gets, on average, a starting ...