Family Life Financial Services Inc. - Greater Lansing Financial Services

Civil Service Retirement - CSRS
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Civil Service Retirement Services - Family Life Financial Services

Cost of Retirement

CSRS

Contributions

Employee

Employer

Retirement

7.00%

7.00%

Medicare

1.45%

1.450%

Total

8.45%

8.45%

 

CSRS Offset

Contributions

Employee

Employer

Retirement

.80%

12.90%

Social Security

6.20%

6.20%

Medicare

1.45%

1.45%

Total

8.45%

20.55%

Eligibility Requirements For CSRS

Type of Retirement

Minimum

Service

Special Requirements

Optional

62
60
55

5
20
30

none
none
none

50

20

You must retire under a special provision for law enforcement officers or firefighters.

Any Age
50

25
20

You must be an Air Traffic Controller.

Any Age

25
20

Your agency must be undergoing a major reorganization, transfer of function or reduction-in-force as determined by the Office of Personnel Management.

Discontinued Service

Any Age

25
20

Your separation must be involuntary and not for misconduct or delinquency. You must not have declined a reasonable offer of a position in your agency. A reasonable offer must be (1) in the same commuting area, (2) at the same tenure and work schedule, and (3) not lower than 2 grade levels below your current position.

Disability

Any Age

5

You must be disabled for useful and efficient service because of disease or injury (1) in your current position; or (2) in a vacant position at the same grade or pay level for which you are qualified for reassignment in the same grade or pay level for which you are qualified for reassignment in the same commuting area of your agency.

Deferred

62

5

You must not have taken a refund at last separation from service.