Federal employee health Benefits

1 RETIREMENT BENEFITS
The government provides all employees with a comprehensive retirement benefits package named the Federal Employees Retirement System (FERS). This system includes three different contributions to your retirement.

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2 Basic Benefit Plan
Each pay period you’ll pay a small amount to the Basic Benefit Plan and your agency will pay one percent of your annual pay. This plan also provides for long-term disability and survivor benefits for your spouse and children. You must have worked at least five years in the federal government to receive retirement benefits from the Basic Benefit Plan.

3 Thrift Savings Plan
The Thrift Savings Plan (TSP) offers benefits similar to a traditional 401(k) plan. Whether or not you choose to contribute to this account, your agency will contribute one percent of your salary. They will also match a certain amount of what you personally contribute each pay period, up to five percent of your salary.

4 Social Security
As you progress in your career, you will earn credit for your Social Security account and pay taxes for this program in full. Social Security will supply you with many benefits including disability and protection for your survivors. This tax provides a benefit to persons who are retired, unemployed or disabled.

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