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To: dragnet2

The current federal retirement is SS., which replaced FERS


61 posted on 10/24/2011 9:47:40 PM PDT by gunner03
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To: gunner03

Social Security didn’t replace FERS under the Federal retirement system. FERS is the retirement system that replaced CSRS. FERS consists of Social Security and a 401K plan (called Thrift Savings Plan) to which the employee contributes and wherein the government matches a portion of the employee’s contributions.


70 posted on 10/25/2011 4:40:25 AM PDT by BooRadley
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