Federal Employee Retirement Programs: Budget and Trust Fund Issues
Summary
Retirement annuities for civilian federal employees are provided mainly through
two programs: the Civil Service Retirement System (CSRS) and the Federal
Employees Retirement System (FERS). These annuities are financed through a
combination of employee contributions and payments made by the federal
government to the civil service retirement trust fund. This report discusses the two programs, how they work, and how they are financed.
Note: CRS reports are prepared for Members of Congress and their staffs. This summary is provided for informational purposes and does not constitute legal advice.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.