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Congress created the Federal Employees Retirement System (FERS) in 1986, and it became effective on January 1, 1987. Since that time, new Federal civilian employees who have retirement coverage are covered by FERS.
Eligibility is determined by your age and number of years of creditable service. In some cases, you must have reached the Minimum Retirement Age (MRA) to receive retirement benefits. Use the following chart to figure your Minimum Retirement Age.
Services Online lets annuitants (federal retirees or their spouses, ex-spouses, and children) manage their account online. Your account is securely protected by the U.S. Office of Personnel Management (OPM).
The FERS retirement system became effective in 1987, and almost all new Federal civilian employees hired after 1983 are automatically covered by this new system. The retirement system is a three-tiered retirement plan. The three components are: Social Security Benefits; Basic Benefits Plan; Thrift Savings Plan Benefits
FERS aims to provide federal employees with a comprehensive retirement package that includes a guaranteed pension, personal savings through TSP, and Social Security benefits. The combination of these three components is designed to provide a secure income stream for retirees.
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:
The Federal Employees Retirement System (FERS) is a retirement plan that covers all employees in the executive, judicial, and legislative branches of the federal government.
OPM is here to help you transition from serving the American people to enjoying your retirement. These links are useful to new and existing retirees throughout their retirement journey.
How Much Income Will My FERS Pension Provide in Retirement? How does the FERS pension work, and how much can it add to your overall retirement income? What Working Part Time Does to Your Retirement. How does part time work impact your retirement under FERS?
The Federal Employees Retirement System (FERS) is the newer of the two retirement systems for U.S. federal government employees, Created in Congress by 1986, It generally covers all federal employees hired after January 1, 1987.