Brat
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Transation:
FERS is the Federal Employee Retirement System. It is similar to private industry with Social Security, a savings program like a 401(k), and a very very modest retirement annuity that is indexed a smidge (much less than SS). The conditions under which an employee can retire early are limited.
CSRS is the old Civil Service Retirement System, it was replaced by FERS above many years ago. There is still a portion of the workforce in CSRS, long time employees who didn't opt for FERS. CSRS employees are not a part of the Social Security system however they can receive a reduced SS only if they have substantial number of covered quarters with other employers. The CSRS is actually an annuity that is indexed like SS. Employees who retire early are subject to an actuarial reduction in their pension.
FEHB is the Federal Employee Health Benefits program which offers health insurance to both employees and annuitants. Annuitants can access that program only if they had participated for x years (5 if I recall accurately) before retiring and if they cease participation they loose access (subject to very limited exceptions).
I hope that helps.
FERS is the Federal Employee Retirement System. It is similar to private industry with Social Security, a savings program like a 401(k), and a very very modest retirement annuity that is indexed a smidge (much less than SS). The conditions under which an employee can retire early are limited.
CSRS is the old Civil Service Retirement System, it was replaced by FERS above many years ago. There is still a portion of the workforce in CSRS, long time employees who didn't opt for FERS. CSRS employees are not a part of the Social Security system however they can receive a reduced SS only if they have substantial number of covered quarters with other employers. The CSRS is actually an annuity that is indexed like SS. Employees who retire early are subject to an actuarial reduction in their pension.
FEHB is the Federal Employee Health Benefits program which offers health insurance to both employees and annuitants. Annuitants can access that program only if they had participated for x years (5 if I recall accurately) before retiring and if they cease participation they loose access (subject to very limited exceptions).
I hope that helps.