To earn the prestige associated with the CPA license, you are required to demonstrate knowledge and competence by meeting high educational standards, passing the CPA exam and completing a specific amount of general accounting experience.
Federal Employees Retirement System (FERS) Program Description. Congress created the Federal Employees Retirement System (FERS) in 1986, and it became effective on January 1, 1987. Since that time, new Federal civilian employees who have retirement coverage are covered by FERS.
Retiring at the minimum or earlier retirement age can pose certain drawbacks. For each year a federal employee is younger than 62 years old, his or her benefits will be reduced by five percent. This is if the employee has given between 10 and 30 years of service. There are different options for early retirement, though these are usually due to an agency restructuring of some kind.