Understanding Your FERS Retirement System
FERS (Federal Employees Retirement System) has three pillars: a lifetime annuity, Social Security, and the Thrift Savings Plan (TSP). Together they provide a strong foundation — but smart planning can make them even stronger.
FERS Annuity
Guaranteed lifetime pension based on your high-3 salary and years of service.
Social Security
Full benefits at your normal retirement age — coordinated with your FERS annuity.
Thrift Savings Plan (TSP)
Your 401(k)-style account with agency matching and powerful Roth option.
TSP Traditional vs Roth: Which Is Right for You?
Federal Employee Retirement FAQs
When can I retire under FERS?
Minimum Retirement Age (MRA) with 30 years, age 60 with 20 years, or age 62 with 5 years. Early retirement options available with reductions.
How much is my FERS annuity?
1% × high-3 salary × years of service (1.1% if retiring at 62+ with 20+ years). Example: $120K high-3 × 30 years × 1% = $36,000/year.
Should I choose Traditional or Roth TSP?
Traditional lowers taxes now. Roth gives tax-free growth and withdrawals. Many federal employees use both for tax diversification.
What is the FERS Supplement?
"Bridge" payment until age 62 if you retire before then — approximates your Social Security benefit earned during federal service.
Can I keep FEHB in retirement?
Yes — if you retire on an immediate annuity and have been enrolled in FEHB for 5 years before retirement (or entire career if shorter).
What happens to my TSP when I retire?
Keep it, roll to IRA, buy annuity, or take withdrawals. Roth portion can be tax-free if qualified.
Ready to Maximize Your Federal Benefits?
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