Podcast
Questions and Answers
What is a key difference between CSRS and FERS?
What is a key difference between CSRS and FERS?
- CSRS employees do not pay Medicare tax, but FERS employees do.
- CSRS employees entered Federal employment after January 1, 1984, while FERS employees entered before that date.
- CSRS employees contribute to the plan while FERS employees do not. (correct)
- CSRS employees are not eligible for survivor benefits unlike FERS employees.
What tax do CSRS covered employees generally not pay compared to FERS employees?
What tax do CSRS covered employees generally not pay compared to FERS employees?
- Medicare tax
- Income tax
- Federal employment tax
- Social Security retirement tax (correct)
Which statement about CSRS is true based on the text?
Which statement about CSRS is true based on the text?
- CSRS employees do not receive any retirement benefits under the plan.
- CSRS covered employees contribute 8% of their pay to CSRS. (correct)
- CSRS covered employees are also exempt from paying Medicare tax.
- CSRS employers match the employee's Social Security contributions.
What percentage of their pay do CSRS covered employees contribute to CSRS?
What percentage of their pay do CSRS covered employees contribute to CSRS?
What is the basis for calculating the CSRS retirement annuity amount?
What is the basis for calculating the CSRS retirement annuity amount?
What happens to CSRS covered employees who had less than 5 years of service by December 31st, 1986?
What happens to CSRS covered employees who had less than 5 years of service by December 31st, 1986?
What is the term used for individuals with 5 or more years under CSRS by December 31st, 1986, who later left federal service for at least a year before returning?
What is the term used for individuals with 5 or more years under CSRS by December 31st, 1986, who later left federal service for at least a year before returning?
What is one of the eligibility requirements for CSRS?
What is one of the eligibility requirements for CSRS?
What is the consequence of taking early retirement under CSRS?
What is the consequence of taking early retirement under CSRS?
What is a requirement for qualifying for disability retirement under CSRS?
What is a requirement for qualifying for disability retirement under CSRS?
