Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Fed Retirement Under FERS"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]I'm no expert, but I think two things are being confused: the TSP and the FERS annuity. The amount of annuity you get when you retire has nothing to do with what you contribute to your TSP. It is only about your high three salary and how many years you worked. Your TSP is your "private" retirement savings. Your FERS is what the government will (supposedly) pay you in retirement. They are two separate sources of income. Do I have that right?[/quote] Yes and no. TSP is part of the FERS retirement plan. It is like a 401 but has more rules on investments. Like the person said above FERS has 3 parts: annuity, TSP, and SS. Even if you don't contribute to TSP the govt. does. One correction (from a few posts above) is the annuity is NOT 40% of you high 3, it is x%, x being the years of service. You would need 40 years of service to get 40%.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
