Why are FERS benefits so inferior to CSRS?
Snippet of Article: "...Unlike CSRS, which had a single defined benefit, FERS has three parts: a defined benefit, which is smaller than that for CSRS, Social Security, and the Thrift Savings Plan. While the first two can be tracked and serve as a base, the third depends in large part on how much an employee invests while working. Employees who maximize their contributions to the TSP can boost their retirement income substantially. Those that don’t may find that their retirement benefits fall short of their needs. ..."
Source: www.federaltimes.com
