CSRS Overview

What is CSRS?

CSRS Retirement

The Civil Service Retirement System (CSRS).

Established in 1920, the Civil Service Retirement System (CSRS) predates Social Security which wasn’t established until 1935. CSRS retirement is described as a “defined benefit contributory retirement system.”

The CSRS system applies to you if you are a federal employee hired before January 1, 1987. After that date, CSRS was replaced by the Federal Employees Retirement System (FERS).

Here are some CSRS basics for you:

  • Federal employees still covered under CSRS contribute 7 percent to 8 percent of their pay into this retirement system
  • Employing agency of CSRS employees matches those contributions
  • Optimize your earned retirement benefits by contributing up to 10 percent of your basic pay to a voluntary contribution account and/or contribute a portion of your pay to the Thrift Savings Plan Voluntary Contribution Plan (TSP)

Keep in mind, there is no government “matching” contribution to your TSP under CSRS, as your contributions are tax-deferred.

Federal retirement can be complicated. Don’t go it alone!

Call 727-491-7031