The Federal Employees Retirement System (FERS) is the current retirement system for employees within the U.S. federal civilian employees. FERS was enacted on June 6, 1986, to replace the Civil Service Retirement System (CSRS) and to conform federal retirement plans in line with those in the private sector.
Read more about Federal Employees Retirement System: Eligibility, Structure, FERS Annuity, FERCCA Legislation
Famous quotes containing the words federal, employees, retirement and/or system:
“The proposed Constitution ... is, in strictness, neither a national nor a federal constitution; but a composition of both.”
—James Madison (1751–1836)
“Exporting Church employees to Latin America masks a universal and unconscious fear of a new Church. North and South American authorities, differently motivated but equally fearful, become accomplices in maintaining a clerical and irrelevant Church. Sacralizing employees and property, this Church becomes progressively more blind to the possibilities of sacralizing person and community.”
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“Convent. A place of retirement for women who wish for leisure to meditate upon the sin of idleness.”
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“In a universe that is all gradations of matter, from gross to fine to finer, so that we end up with everything we are composed of in a lattice, a grid, a mesh, a mist, where particles or movements so small we cannot observe them are held in a strict and accurate web, that is nevertheless nonexistent to the eyes we use for ordinary living—in this system of fine and finer, where then is the substance of a thought?”
—Doris Lessing (b. 1919)