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elleng

(141,926 posts)
2. Sounds right. Federal employees, however:
Wed Feb 1, 2023, 12:51 AM
Feb 2023

Federal Employees Retirement System (FERS)
All federal employees are automatically enrolled in one of the best retirement systems in the world.

If you were first hired after December 31, 1983, on an appointment with retirement coverage, you are covered by FERS. You are also covered if you transferred to FERS during a FERS open season.

The FERS is a three-tiered plan made up of:

a basic annuity,
Social Security, and
a tax-deferred retirement savings and investment plan called the Thrift Savings Plan (TSP)

Under both CSRS and FERS, Members of Congress are eligible for a pension at the age of 62 if they have completed at least five years of service. Members are eligible for a pension at age 50 if they have completed 20 years of service, or at any age after completing 25 years of service.

Recommendations

0 members have recommended this reply (displayed in chronological order):

I believe a member of Congress GP6971 Feb 2023 #1
Sounds right. Federal employees, however: elleng Feb 2023 #2
Many thanks GP6971 Feb 2023 #3
You're welcome. elleng Feb 2023 #4
There is a carve out for Congress members. Scruffy1 Feb 2023 #14
Vested after 2 years? Other sources say it's 5 years. brush Feb 2023 #18
Federal employees PAY into their retirement and Medicare and SS and any tax deferred savings plan. Samrob Feb 2023 #20
Yes, we do/did pay into our retirement plans. elleng Feb 2023 #21
I just searched and it said.. Yeah, Cha Feb 2023 #5
Yup...screw that POS. GP6971 Feb 2023 #7
Sounds like bullshit Effete Snob Feb 2023 #6
stupid bullsh*t. mostly inaccurate stopdiggin Feb 2023 #8
Amen! The late Speaker Jim Wright often said "We already have them yellowdogintexas Feb 2023 #12
two good arguments stopdiggin Feb 2023 #23
This message was self-deleted by its author tosh Feb 2023 #9
The pension thing is a myth sorcrow Feb 2023 #10
yes, the pension depends on how many years served Hamlette Feb 2023 #11
Regular federal employees get 1% a year madville Feb 2023 #16
sorry, I was wrong Hamlette Feb 2023 #17
That's great for you madville Feb 2023 #19
yes, I worked for state agencies for nearly 30 years Hamlette Feb 2023 #22
Congress ppl don't get full pay when they leave office, no matter how long they have served. progressoid Feb 2023 #13
He's an idiot madville Feb 2023 #15
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