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Federal Retirement Plans
At NSA, we continue to provide for our employees long after their service is finished. We offer a variety of retirement savings plans to help make the transition from work to retirement smooth, with as minimal loss of income as possible.
Federal Employees Retirement System (FERS)
FERS is a three-tiered plan composed of the following components:
Note: Civil Service Retirement System (CSRS) may cover new employees who were hired prior to January 1, 1987, and have at least five years federal civilian service.
Thrift Savings Plan (TSP)
FERS employees receive an automatic 1% contribution starting immediately after entering duty. The government matches employee contributions dollar for dollar on the first 3% and 50 cents on the dollar for the next 2%.
TSP now accepts rollovers from other 401(k)/qualified retirement plans.
Date Posted: Jan 15, 2009 | Last Modified: Jan 15, 2009 | Last Reviewed: Jan 15, 2009