How Does the Federal Employee Retirement System (FERS) Work?
If you’re a federal employee, your future financial security largely depends on decisions you make today about your retirement benefits. Whether you’ve just started your government career or you’re counting down the years until retirement, understanding how FERS work is necessary. This comprehensive retirement system, which replaced the older Civil Service Retirement System in 1987, offers unique advantages but comes with its own set of rules and calculations that can considerably impact your financial future. What Is the Federal Employee Retirement System and How Does …