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March 29, 2024

Federal Employee Retirement and Benefits News

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The Basics and Differences of the CSRS and the FERS

The Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS) are vastly different. So it’s worthwhile to look into such differences and discover why they exist.

A congressional statute established the CSRS in 1920, a defined benefit pl…

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Understanding The CSRS Hybrid Offset

If you were employed under the CSRS and served the government for at least five years before leaving, returning after a hiatus of more than a year, and doing so after December 31, 1983, you were given an option. The CSRS and

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Defined Benefit Programs of Value, Says Study

A recent study demonstrates the importance of a defined benefit program, like the FERS or CSRS civil service annuity. It shows how much faster those without such benefits deplete their assets after retiring.

According to the Center for Retirement Research, given the e…

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Get Ready for Open Season

Federal Employee’s Health Benefits (FEHB) can change outside the open season due to qualifying life events.

The majority of Federal Employees Health Benefits (FEHB) enrollment changes during the open season, which occurs yearly. Even though most enrollment changes occ…

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