The Lifecycle of Retirement
Under the Civil Service Retirement System (CSRS), as long as a federal employee worked 20 to 30 years in government, their benefits were guaranteed, no matter the length of retirement. Since 1983, the federal government has been operating under the Federal Employees Retirement System (FERS), which leaves much of the responsibility of retirement planning up to the individual.
Under the Civil Service Retirement System (CSRS), as long as a federal employee worked 20 to 30 years in government, their benefits were guaranteed, no matter the length of retirement. Since 1983, the federal government has been operating under the Federal Employees Retirement System (FERS), which leaves much of the responsibility of retirement planning up to the individual. In this new infographic, the Government Business Council examines the current state of retirement planning and income security among federal employees.
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