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.
FERCCA Legislation
The Federal Erroneous Retirement Coverage Corrections Act (FERCCA) legislation was signed in September 2000. It was designed to provide relief to Federal civilian employees who were placed in the wrong retirement system for at least 3 years of service after December 31, 1986.
FERCCA will give many employees and annuitants placed in the wrong retirement system an opportunity to choose between the Federal Employees Retirement System (FERS) and the offset provisions of the Civil Service Retirement System (CSRS). FERCCA may also provide one or more of the following:
Reimbursement for certain out-of-pocket expenses paid as a result of a coverage error; Ability to benefit from certain changes in the rules about how some Government service counts toward retirement; and Make-up contributions to the Thrift Savings Plan and receipt of lost earnings on those contributions.
http://www.opm.gov/benefits/correction/
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