Types of Retirement
January 1, 2014 started which retirement system
FERS-FRAE
The date when all new Federal employees were placed in Social Security?
01/01/1984
The acronym GS stands for
What is General Schedule?
The years of civilian service to retire from the Federal Government unless it is disability is a minimum of
What is 5 years?
The amount of creditable Federal service years that is needed for title
What is 5 years?
Two types of FERS creditable service.
Civilian & Military
The year in which the Civil Service Retirement System (CSRS) originated?
What is 1920?
Executive Order pay changes are issued by
What is The President of the U.S.?
The acronym MRA stands for
What is the Minimum Retirement Age?
The form that you can identify creditable service
What is The Certified Summary (SF3107-1)?
Three sources of the FERS retirement plan
What are the FERS Basic Benefits, Social Security & TSP?
True or False: A CSRS employee may leave federal service and later return as a CSRS, CSRS Offset, or FERS employee; however, a FERS employee will always be a FERS employee unless excluded by law or regulation.
What is True?
The pay rates and statutory increases for hourly rate or wage grade employees are based upon
What is the geographic location?
It is an annuity for which a federal employee attains eligibility at some point after separating from federal service.
What is Deferred Retirement?
LWOP stand for
Leave without Pay
The individuals not eligible for FERS Annuity Supplement
The three tiers of the Federal Employees Retirement System
What are Social Security benefits, Thrift Savings Plan, and FERS basic benefits?
WGI is the acronym for
What is within grade increase?
Three types of retirement
What is any of the following:
Optional/Regular
Early Retirements
Deferred/Postponed
Disability
Special retirements
An agency with questionable creditability
What is? (Can be anyone of the following)
Peace Corps, U.S. Maritime Commission, Work Project Administration (WPA), National Youth Administration (NYA), Tennessee Valley Authority (TVA), and D.C. Government.
The FERS Basic Annuity Formula for individuals under age 62
What is 1% X High 3 Average Salary X Years of Service
The portion of the annuity is computed using CSRS rules and a portion of the annuity is computed using FERS rules.
What is a CSRS Component case?
An agency payroll office failed to certify an Executive Order increase on a General Schedule employee's SF 2806/SF 3100, you should
What is returning the record to the agency for corrections?
The type of Retirement is Voluntary and Involuntary.
What is Early Retirement?
Blank is service in which no contributions are withheld.
What is non-deduction?