From what I hear, CSRS is much, much better than FERS.
“CSRS is much, much better than FERS”
That is a very controversial subject—and the correct answer is “it depends”.
The reason is because of the TSP-government match (government equivalent of 401K) portion of it.
Many federal retiree baby boomers “rode the wave” of a red hot stock market over recent years—and if they were heavily invested in stocks (in their TSP) then they outperformed CSRS.
It was. The CIA had what it called CIARDS before FERS which was the agency’s CSRS equivalent. Everyone after a date in the 80’s had to be on FERS and the older ones had a choice at that point to switch. CIARDS was a pension and maybe a few had odd reasons to switch but who would to a 401k type deal?