Civil Service FAQ Federal Employee Benefits Questions and Answers 2

Question 1

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

Accepted Answer

Federal Employees Retirement System (FERS)

Answer

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

Question 2

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

Accepted Answer

100% up to the IRS limit

Answer

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

Question 3

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

Accepted Answer

6 hours

Answer

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).

Question 4

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

Accepted Answer

Federal Employees Health Benefits Program (FEHB)

Answer

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

Question 5

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

Accepted Answer

MRA with 30 years

Answer

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

Civil Service FAQ Practice Test

Civil Service FAQ Practice Test

Civil Service FAQ Federal Employee Benefits Questions and Answers 2