Civil Service Retirement System
The Civil Service Retirement Act, which became effective on August 1, 1920, established a retirement system for certain Federal employees. It was replaced by the Federal Employees Retirement System (FERS) for Federal employees who first entered covered service on and after January 1, 1987. The Civil Service Retirement System (CSRS) is a defined benefit, contributory retirement system and employees share in the expense of the annuities to which they become entitled.
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More about the company
- Headquarters
- United States of America
- Results 2021
- Revenue: USD 126 billion; Total assets: USD 158.94 billion
- Ownership structure
- State-owned
- Number of employees
- 2,448
- Website
- https://www.opm.gov/retirement-services/csrs-information/
