FERS Intro

Question 0

What was the FERS effective date?

Answer 0

01/01/1987

FERS covers all new federal employees hired after 12/31/83

Question 1

When was CSRS Interim period ?

Answer 1

was from 01/01/84 through 12/31/86. New law placed all new federal employees in Social Security beginning 01/01/84 and FERS effective 01/01/87

Question 2

What is Civil Service Retirement System Offset?

Answer 2

-rehires after 01/01/84 with more than 5 years prior service & a break in service of more than 1 year

Question 3

What is a Federal Appointment?

Answer 3

Any personnel action that places a person on the staff of a federal agency.

Question 4

What types of appointments?

Answer 4

Career conditional, Career, Temporary (Emergency, Veterans Readjustment appts, TERM, TAPER)

Question 5

What is “Tour of Duty?”

Answer 5

The daily hours and days of the week that are scheduled in advance, and during which an employee is required to work on a recurring.

Question 6

FERS is a 3-tiered retirement plan consisting of…

Answer 6

Social Security Benefits…
the basic FERS retirement benefit and…
the Thrift Savings Plan.

Question 7

Service is determined to be creditable for retirement purposes if it meets what three tests of Federal Employment?

Answer 7

the employee was engaged in the performance of federal functions under Congressional authority or an Executive Order.
The employee was appointed or employed by a Federal officer; and…
was under the supervision and direction of a Federal officer.

Question 9

In what instances is FERS coverage automatic?

Answer 9

First hires after 12-31-86 w/o prior federal service
Employees with CSRS only coverage who have a service break of more than 365 days and do not meet the 5 year test.
Employees with prior FERS service who are rehired
Employees with prior non-federal service subject to CSRS who do not meet the 5 year tes

Question 10

What is SCD?

Answer 10

Service Computation Date

Question 11

What is APS?

Answer 11

Additional Pay Status

Question 12

What is OASDI?

Answer 12

Old Age Survivor and Disability Insurance

Question 13

What is IRR?

Answer 13

Individual Retirement Record

Question 14

What does FICA stand for?

Answer 14

Federal Insurance and Compensation Act

Question 15

What is the SF 50?

Answer 15

Notice of Personnel Acti

Question 16

In a Component case, unpaid post 3-1-1991 CSRS redeposit service entitles the annuitant to….

Answer 16

service that is creditable for title and average salary only

Question 17

Name 4 types of Non Deduction service

Answer 17

temporary appt, NTE, Taper, NAFI (PL104-106, 107-107), WAE, or Limited

Question 18

What is a flipped redeposit

Answer 18

Less than 5 years of CSRS refunded service

Question 19

What is the minimum service requirement for Retirement Eligibility?

Answer 19

5 years creditable service

Question 20

Name 3 Requirements for an Optional/regular retirement

Answer 20

MRA and 30 years
Age 60 and 20 years, Age 62 and 5 years (no age reduction) and
MRA and 10 years (with an age reduction)

Question 21

What Forms are needed for Involuntary retirements?

Answer 21

SF 1510 and notification

Question 22

What are the Requirements for an Early Retirement?

Answer 22

Any age with 25 years service or Age 50 with 20 years of service

Question 23

Name 4 types of retirements

Answer 23

Optional/regular
Early Retirement (including major RIF and discontinued Service)
Deferred/Postponed and
Disability

Question 24

what is the date FERS came into existence?

Answer 24

01-01-1987

Question 25

Straight FERS retirement, FICA service can usually only be paid to what date?

Answer 25

01-01-1989

Question 26

What were the dates of Interim employees?

Answer 26

01-01-1984 to 12-31-1986

Question 27

What is Continuity of Service?

Answer 27

Three days or less break in service

Question 28

What is FERS current deduction rate ?

Answer 28

.80%

Question 29

Name 4 types of covered appointments

Answer 29

Temp NTE,
Career, 
Career conditional,
Excepted, and
Term

Question 30

What is the Basic FERS annuity calculation?

Answer 30

What is high 3 average salary X 1% X years and months of service