95.6% of FERS employees save at least 5% of their basic pay in the Thrift Savings Plan* 52% of workers without a retirement plan have less than $1,000 in savings and investments. 46% of workers ...

CSRS employees pay 7% of their salary into the civil service retirement fund, while FERS employees pay up to 4.4%, depending on their date of hire.

2023 COLA for the Federal Employees Retirement System (FERS) More than 2.6 million people received civil service annuity payments, both employees and survivors, in 2018 according to government ...

It was replaced by the Federal Employees Retirement System (FERS) in 1986; however, more than one million people currently ...

T he top lawyer at the Office of Personnel Management is a self-described “raging misogynist” who for years has talked up a “campaign” to purge the federal civil service and staff it with ...

The Senate parliamentarian rejected a GOP attempt to make new federal employees opt to become at-will or face a 10% addition to their FERS contribution rate.

With OPM’s final rule, agencies can decide fire feds in their probationary period based broadly on agency needs, interests and “organizational goals.” ...

According to the United States Office of Personnel Management, FERS costs the government between 22.9% and 57.8% of payroll for 2025. ... The Civil Service Retirement System (CSRS) ...

President Bola Tinubu on Thursday ordered the commencement of personnel audit and skill gap analysis across all cadres of ...

However, federal employees often need help understanding FERS. Unlike the Civil Service Retirement System, which has just one component, FERS has three components: a Basic Benefit Plan, a Thrift ...

Trump says workers who don't reply to OPM email will eventually lose jobs 07:01. The Trump administration is moving forward with a new rule to classify some career civil servants as "at-will ...

The top lawyer at the Office of Personnel Management is a self-described “raging misogynist” who for years has talked up a “campaign” to purge the federal civil service and staff it with ...