Woohoo! $627 per month for me!

[bottomofthehill]

7. CSRS pension vrs FERS pension.

Federal employees hired before 1984 are in CSRS. After a 40 year career, they qualify for an 80 percent pension. Those after 84 have a FERS pension, after 40 years they get a 40 percent pension and paid into social security thus are entitled to unreduced social security payments. Additionally, if they were contributing to the TSP (government speak for 401k or 403b) there was a government match of up to 4 percent. I believe when trying to tell Feds that FERS was the better deal they were sold on the 3 legged stool of federal retirement moving forward.