If you work in the public sector or plan to, FERS (Federal Employees Retirement System) is an acronym you will soon know well.

How the Federal Employees Retirement System (FERS) Works . Just like the employees of some small businesses and most large corporations, federal government workers are able to save money through ...

During your FERS service, retirement deductions are withheld from your pay at a rate of either 0.8 percent or 1.3 percent, ... although you will not be permitted to add to or borrow from your account.

The Senate draft of the new tax bill cut retirement provisions in the House bill that would have reduced current federal workers’ retirement benefits, but added a provision that would reduce benefits ...

The Federal Employees Retirement System (FERS) There are plenty of retirement plans for workers: 401(k)s and pension plans set up through your employer, IRAs you can manage on your own and Social ...

Why Borrow From a 401(k)? If you are hesitant about tapping into your retirement fund, there are a few benefits you should be aware of. Because there are no required credit checks, a 401(k) is ...

While these retirement plans have different names—401(k), 403(b), 457, TSP—they are all just different classifications of your job. The first way to take advantage of your TSP is max it out.

Meanwhile, government workers have a retirement program specifically made for them: the Federal Employees Retirement System (FERS). Here’s what it looks like and the various plans it offers.