10 Questions
What is a key difference between CSRS and FERS?
CSRS employees contribute to the plan while FERS employees do not.
What tax do CSRS covered employees generally not pay compared to FERS employees?
Social Security retirement tax
Which statement about CSRS is true based on the text?
CSRS covered employees contribute 8% of their pay to CSRS.
What percentage of their pay do CSRS covered employees contribute to CSRS?
7.5%
What is the basis for calculating the CSRS retirement annuity amount?
Employee's length of creditable service and Hi-3 pay average
What happens to CSRS covered employees who had less than 5 years of service by December 31st, 1986?
They are transferred to FERS.
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?
CSRS Offset employees
What is one of the eligibility requirements for CSRS?
Having at least 5 years of creditable service excluding unused sick days
What is the consequence of taking early retirement under CSRS?
A reduction in annuity by 2% for each year under the age of 55
What is a requirement for qualifying for disability retirement under CSRS?
Being unable to perform a job at the same pay grade
Test your knowledge about the Civil Service Retirement System (CSRS), a defined benefit, contributory pension plan for eligible civilian Federal employees who entered Federal employment before January 1, 1984. Learn about the transition to the Federal Employees Retirement System (FERS) and employee contribution rates.
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