Number: 98-810
Title: Federal Employees' Retirement System: Benefits and Financing
Authors: Patrick Purcell, Education and Public Welfare Division 
Abstract: This report describes the benefits provided to retired federal employees under both the Civil Service Retirement System (CSRS) and the Federal Employee Retirement System (FERS). All federal employees initially hired after 1983 are covered by FERS, but most current retirees receive benefits under CSRS. The report explains how benefits are calculated under both programs, describes the Thrift Savings Plan (TSP), and discusses the financial status of the Civil Service Retirement and Disability Fund.
Pages: 18
Date: March 8, 2007