Quick Decision

You want more control over planning for your retirement and the amount of your retirement income.

FERS provides you with more control over the amount of your retirement benefits. For example, you decide how much to contribute to the Thrift Savings Plan and where money is invested. If you contribute, the first 5% of your contributions are matched by agency contributions.

Also, your contributions and attributable earnings, Agency Matching Contributions and attributable earnings, and if vested, the Agency Automatic (1%) Contributions and attributable earnings, in your Thrift Savings Plan account can be transferred to an Individual Retirement Arrangement or other eligible retirement plan. You may also leave your Thrift Savings Plan account balance in the Plan where it will continue to accumulate earnings based on your investment decisions.

FERS also allows you more flexibility in deciding when to retire. You can receive a reduced benefit after only 10 years of service once you reach your Minimum Retirement Age, whether or not you reach that age while a Government employee. You do not have to wait until age 62.

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To read more about this:

• FERS
• Minimum Retirement Age
• Thrift Savings Plan under FERS