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  • Retirement Benefits Institute - FERS Retirement Elibility

Federal Employee Retirement System (FERS)

The Federal Employee Retirement System (FERS) is commonly referred to as the “new system”. Employees under FERS were hired on or after January 1, 1987. Under this retirement system, employees participate in the FERS pension available at retirement.

FERS employees are eligible to participate in the Thrift Savings Program (the Federal government’s 401(k)), and may receive up to a 5% match on their contributions. FERS employees also contribute to Social Security and may receive benefits as early as age 62, if they meet the eligibility requirements. For those FERS employees retiring before age 62, the Special Retirement Supplement is available. This benefit is only for FERS retirees and ends at age 62.

Although FERS pensions are smaller than their CSRS counterparts, FERS retirees have 2 other sources of retirement income to make up the gap. These are the Thrift Savings Plan and Social Security. It is important to understand these programs and how they affect your retirement picture along with the FERS pension.

To learn more about the FERS retirement system, see the following pages:

FERS Retirement Eligibility
FERS Special Retirement Supplement (SRS)
FERS Service Computation Date (SCD)

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About Us
Retirement Benefits Institute provides benefits and retirement training to federal employees. Our trainers and sponsors have instructed thousands of federal employees, making it possible for many of those to obtain personal consultation and receive assistance in specific federal benefit planning to maximize their assets. Contact us for more information at (877) 864-1145 or click this link to email us.

Disclosure The information provided is not intended as tax or legal advice. Figures shown are for illustrative purposes only furthermore, the information nor the illustrations provided may not be used to avoid any tax penalties. This content represents the general views of Christy Capital Management and should not be regarded as personalized investment advice Nothing herein is intended to be a recommendation. The opinions expressed are subject to change without notice. Retirement Benefits Institute, Inc., and a portion of its contents merged with Christy Capital Management Inc. Brandon Christy, former President of Retirement Benefits Institute, is also the current President of Christy Capital Management, Inc, a registered investment adviser.

     

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