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.
Government. 1  The first retirement program for Federal civilian workers was. enacted in 1920. The program covered about 330,000 persons. and provided benefits to those who retired because of age or. disability after at least 15 years of service. In September of 1996, 2.6 million Federal workers were covered. This figure included.