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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. Public employee pension plans in the United States - Wikipedia

   en.wikipedia.org/wiki/Public_employee_pension...

   Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...

4. 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.

5. Types of retirement plans and which to consider - AOL

   www.aol.com/finance/types-retirement-plans...

   Cons: Only available for federal government employees. Usually best for: Federal government employees who will work at their agencies for a long period; it is comparable to 401(k) plans in the ...

6. Tax breaks after 50 you might not know about - AOL

   www.aol.com/finance/tax-breaks-after-50-you...

   For the 2025 tax year, if you’re 50 or older, you can contribute an additional $7,500 to an eligible employee retirement account, for a total of $31,000 per year. Eligible accounts include: 401(k)s

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

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

   Changes to retirement plan contributions. The Internal Revenue Service announced record-high maximum annual contributions to 401(k) and similar retirement accounts for 2023. Workers who have a 401 ...