Federal Employees Retirement System

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The Federal Employees Retirement System (or FERS) replaced the Civil Service Retirement System in 1987.

New U.S. Federal civilian employees hired after 1983 are automatically covered by this new retirement system. Employees who leave Federal employment may still qualify for the benefits. FERS is a three tiered system that consists of a defined benefit plan, Social Security, and the Thrift Savings Plan. The Thrift Savings Plan operates like a 401k.

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