Federal Employees' Retirement System : Benefits and Financing

Author / Creator

Library of Congress. Congressional Research Service

Available as

Online

Summary

Provides background on the Civil Service Retirement System (CSRS) and the Federal Employees' Retirement System (FERS), and outlines eligibility and benefit amounts under both systems. Discusses ret...

Provides background on the Civil Service Retirement System (CSRS) and the Federal Employees' Retirement System (FERS), and outlines eligibility and benefit amounts under both systems. Discusses retirement income adequacy, including replacement rates and cost-of-living adjustments, the Thrift Savings Plan, employer and employee contribution to CSRS and FERS, and financing pension benefits. Summarizes legislative proposals in the 113th Congress.

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