Civil Service Retirement System (CSRS) Quiz
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Questions and Answers

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?

  • Medicare tax
  • Income tax
  • Federal employment tax
  • Social Security retirement tax (correct)

    • 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?

    <p>7.5%</p> Signup and view all the answers

    What is the basis for calculating the CSRS retirement annuity amount?

    <p>Employee's length of creditable service and Hi-3 pay average</p> Signup and view all the answers

    What happens to CSRS covered employees who had less than 5 years of service by December 31st, 1986?

    <p>They are transferred to FERS.</p> Signup and view all the answers

    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?

    <p>CSRS Offset employees</p> Signup and view all the answers

    What is one of the eligibility requirements for CSRS?

    <p>Having at least 5 years of creditable service excluding unused sick days</p> Signup and view all the answers

    What is the consequence of taking early retirement under CSRS?

    <p>A reduction in annuity by 2% for each year under the age of 55</p> Signup and view all the answers

    What is a requirement for qualifying for disability retirement under CSRS?

    <p>Being unable to perform a job at the same pay grade</p> Signup and view all the answers

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