Helping Plan and Manage A
Healthy Retirement Life

Effective August 1st, 1920, the Civil Service Retirement System provides five benefit categories for eligible federal employees. The defined benefit system is contributory, meaning employees distribute the expense of their eventual retirement annuities. CSRS employees typically only pay Medicare tax, and employers match employee contributions.

The Thrift Savings Plan (TSP) is one of three retirement benefits offered to FERS employees. The tax-deferred savings and investment plan is similar to a traditional 401(k) plan, given the tax and savings advantages. A CSRS employee may add the TSP as a supplement to their CSRS benefits.