FERS Information - U. S. Office of Personnel Management FERS is a retirement plan that provides benefits from three different sources: a Basic Benefit Plan, Social Security and the Thrift Savings Plan (TSP) Two of the three parts of FERS (Social Security and the TSP) can go with you to your next job if you leave the Federal Government before retirement
Eligibility - U. S. Office of Personnel Management 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
Types of Retirement - U. S. Office of Personnel Management If you are a former Federal employee who was covered by the Federal Employees Retirement System (FERS), you may be eligible for a deferred annuity at age 62 or at your Minimum Retirement Age (MRA)
Computation - U. S. Office of Personnel Management Your retirement includes a portion computed under Civil Service Retirement System (CSRS) rules FERS retirees under age 62 who do not fall into one of the categories above, are not eligible for cost-of-living increases until they reach age 62
Planning and Applying - U. S. Office of Personnel Management Prepares your "Individual Retirement Record," Standard Form 2806 (CSRS) or 3100 (FERS) which reflects service, salary history, and annual retirement contributions Forwards all retirement documents to OPM
Former Employees - U. S. Office of Personnel Management For service under the Federal Employees Retirement System (FERS), you will get interest on the refund of those contributions if you worked more than one year Interest is paid at the same rate that is paid for government securities
OPM Retirement Quick Guide document at opm gov retirement-center quick-guide Congratulations on your upcoming retirement! This guide will walk you through what to expect as your retirement application is processed and your benefits are determined Most retirees will receive their first full annuity check within 3-5 months of retiring During processing, you will receive:
Creditable Service - U. S. Office of Personnel Management You can make a deposit for creditable Federal Employees Retirement System (FERS) service you performed before 1989 during which retirement deductions were not withheld from your pay The deposit amount is, generally, 1 3% of salary plus interest
FERS FERS is a retirement system that is responsive to the changing times and Federal work force needs Many of its features are “portable,” so that if you leave Federal employment, you may still qualify for the benefits FERS is flexible; you will be able to choose what is best for your individual situation And FERS enables you to