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.
The Social Security Administration has responsibility for administering the Social Security benefits, and the Federal Thrift Investment Board administers the TSP. When you retire, you receive benefits from all three of these agencies. As a federal employee, you automatically contribute .08% of your salary to this program. You are fully vested in FERS after five years of service, and for disability retirement, after 18 months.