Federal Retirement Programs

Both the Civil Service Retirement System (CSRS) and Federal Employees Retirement System (FERS) provide a defined benefit — a basic annuity, or a series of payments at regular intervals — after you retire.

CSRS provides a much larger defined benefit than FERS. Employees in both systems can participate in the Thrift Savings Plan, however, FERS employees are automatically enrolled and can receive Agency Automatic and Matching Contributions. FERS participants will also receive Social Security in retirement.

When considering the part CSRS or FERS will play in supplying your retirement income, some essential questions to ask include:

  • How much money will I need for the retirement lifestyle I envision?
  • Will my defined benefit plan provide the necessary income stream?
  • What amount should I contribute to the TSP to pursue the retirement income I desire?
  • (For FERS members) What will my monthly Social Security benefit be at retirement? Will this plus my defined benefit and TSP savings be enough to retire on?
  • At what age can I retire with the income I desire?

We’re ready to help you determine the answers to these questions and make retirement income planning part of a comprehensive financial plan to help you pursue your goals. To learn more, contact a trusted First Command Financial Advisor today.

This description is provided for informational purposes only. First Command Financial Services, Inc. and its related entities are not affiliated with, authorized to sell or represent on behalf of, or otherwise endorsed by the federal employee benefits programs referenced on this web site or by the U.S. Government or U.S. Armed Forces.


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