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What's Happening with Retirement

'...in the active workforce CSRS people are seen as kind of a favored sub-category, with a civil service annuity formula producing a benefit roughly double what FERS people earn, for the same years of service and the same high-3 salary level. (The Social Security component of FERS and the employer contributions to the TSP there were designed to make up the difference. Whether they do is another question, one that you can get answered by asking any FERS person whether he or she would rather have CSRS.)...'

Reference: www.fedweek.com
Tags: CSRS vs FERS, Social Security, TSP, Federal Retirement,

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