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. Read this GBC report to learn:
- Do managers feel prepared for retirement?
- What does the ideal federal retirement look like?
- How are managers saving for retirement?
To view the infographic click here