Retirement Benefits
Group Members: Mushfiq, Guillermo, Lucia
There are 3 Federal Employees Retirement System:
. those are:
1) Social Security benefits - which means that if you work for 40 quarters or more, you are entitled for a social security. This benefits every citizen that works either in federal or private company.
2) Thrift Savings Plan (TSP)- this where the government matches to what you contribute with the maximum of 5%.
3) Basic Benefit plan- this is where the government put 1% of your salary to your retirement. whether you participate in TSP or not, the government is giving you 1% for your retirement pension.
Sources:
www.sharebuilder401k.com
www.schwab.com/rollover
https://www.opm.gov/retirement
http://federalretirement.net/introduction.htm
www.USA.gov
www.sharebuilder401k.com
www.schwab.com/rollover
https://www.opm.gov/retirement
http://federalretirement.net/introduction.htm
www.USA.gov
www. economist.com/news/united-states
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