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.
exists and is an alternate of . The pension a federal employee earns is 1 percent of salary for each year of federal service and it is based on the average of the highest 36 months of federal pay. In order to retire with this amount, the federal employee must meet one of four different ways as published by OPM.