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.
by Wilmer L. Kerns*. In June, President Reagan signed the Federal Employeesâ Re-. tirement System Act of 1986 (Public Law 99-335), which estab-. lishes the Federal Employeesâ Retirement System (FERS) for em-. ployees hired after December 31, 1983.