Transcription of FERS - opm.gov
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FERS. Federal Employees Federal EmployeesRetirement RetirementSystem System (An Overview of Your Benefits). (An Overview of Your Benefits). United States retirement and Office of Insurance Personnel Service Management RI 90-1. Previous edition is usable. Revised April 1998. This booklet contains highlights of the Federal Employees retirement System (FERS). It is not meant to provide a detailed explanation of all the plan provisions. The information is based on the law in effect at the time the booklet went to publication. Under the Balanced Budget Act of 1997, Public Law 105-33 for fiscal year 1998, employee retirement contributions will increase as follows.
parts of that planning process. The financial security you will have in the future depends, in part, on the plans you make today. ... FERS is a retirement system that is responsive to the changing times and Federal work force needs. Many of its features are “portable,” so that if you leave Federal
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