Civil Service FAQ Federal Employee Benefits Questions and Answers Flashcards

Which federal retirement system covers most employees hired after December 31, 1983?

Answer: Federal Employees Retirement System (FERS)

FERS was established in 1986 and covers most federal employees hired after December 31, 1983.

What is the maximum percentage of salary a federal employee can contribute to the Thrift Savings Plan (TSP) per year?

Answer: 100% up to the IRS limit

Federal employees can contribute up to 100% of their salary to the TSP, subject to the annual IRS elective deferral limit.

Under FERS, how many hours of annual leave does a federal employee with 3 to 14 years of service earn per pay period?

Answer: 6 hours

FERS employees with 3 to 14 years of service earn 6 hours of annual leave per 26 biweekly pay periods (4 hours for under 3 years, 8 hours for 15+ years).

What federal program provides health insurance coverage to eligible federal employees and retirees?

Answer: Federal Employees Health Benefits Program (FEHB)

The Federal Employees Health Benefits (FEHB) Program is the largest employer-sponsored health insurance program in the U.S., covering federal workers and retirees.

Under FERS, what is the minimum age and years of service required for an immediate, unreduced retirement at the Minimum Retirement Age (MRA)?

Answer: MRA with 30 years

Under FERS, an employee can retire at their Minimum Retirement Age (MRA) with 30 years of service for an immediate, unreduced annuity.

Which federal benefit program provides short-term and long-term disability coverage to eligible federal employees?

Answer: Federal Employees Compensation Act (FECA)

FECA provides compensation for federal employees who suffer work-related injuries or illnesses, covering medical costs and lost wages.