Federal government pension rules are based on age, years of service, and salary history. The Federal Employee Retirement System (FERS) is a defined-benefit plan that provides a pension or annuity to federal employees.
Eligibility
To be eligible for a FERS pension, you must work for the federal government for
at least five years
To
be eligible for a full, unreduced pension, you must meet one of the following
requirements:
Be
62 years old with five years of service
Be
60 years old with 20 years of service
Be at your minimum retirement age (MRA) with 30 years of service
You may be eligible for a deferred annuity if you leave federal service before meeting the age and service requirements for an immediate retirement benefit
Funding
Your
FERS pension is funded by automatic deductions from your basic pay
The amount of the deduction depends on your position and the date of your first federal appointment
Additional
benefits
You
may also be eligible for Social Security retirement benefits, which are based
on your earnings averaged over most of your working career
You
may be able to choose to reduce your annuity to provide a larger annuity for
your spouse or former spouse
https://www.google.com/search?q=federal+government+pension+rules
The
IRS recently announced the cost-of-living adjustments applicable to certain
dollar limits for employee pension benefit plans for 2025. The resulting dollar
limits are as follows: The annual benefit limit for defined benefit plans
is increased from $275,000 to $280,000.
According to data from Pew Research Center, the average working tenure for civilian federal government employees is around 11.8 years. This is significantly higher than the median tenure for private sector jobs, which is typically around 3.7 years.
Norb
Leahy, Dunwoody GA Tea Party Leader
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