Civil Service Retirement System - CSRS
 |
Definition of 'Civil Service Retirement System - CSRS'A system that provided the retirement, disability and survivor benefits for most U.S. civilian service employees working for the federal government. It was replaced in 1987 by the Federal Employees Retirement System (FERS), but employees who were originally set up through the CSRS still receive their benefits through that program, unless they were hired after 1983. |
 |
Investopedia explains 'Civil Service Retirement System - CSRS'CSRS was created in 1920, and at that time possessed most of the features of traditional pension plans. Today, FERS also incorporates social security benefits, government contributions and employee contributions. |
Related Definitions
Articles Of Interest
-
The Investing Risk Of Underfunded Pension Plans
Determine the risk to a company's EPS and financial condition resulting from an underfunded pension plan. -
Introduction To Social Security
You've probably contributed to this fund, but will you reap the benefits? Find out here. -
New Retirement Plan Limits For 2011
New changes to the law can have a huge impact on your nest egg. -
Are You Really Retired Just Because You Stopped Working?
Retirement doesn't have to mean the end of working, it can be just the end of working to get by every week. Retirement should be about working only if you want to, not because you have to. -
How To Cut Your Mutual Fund Fees By Up To 90%
Most mutual funds don’t come close to beating the indexes they’re compared against. And yet they carry steep fees for active management. Find out how a little research and effort can cut your ... -
5 Ways To Protect And Grow Your Retirement: Whether You’re 45 Or 75 Or Somewhere In Between
Investors who take steps now can shield themselves from the coming challenges thrust upon retirees. -
What's The Point Of Owning All This Stuff?
Are you a portfolio hoarder, hanging on to poor performers and investments that no longer match your objectives? It's time to purge those investments and put that money to use to match today’s ... -
4 Benchmarks To Keep Your Retirement Finances On Track
In today’s near-zero percent interest rate environment the old ways of investing for retirement no longer apply. Learn the sober reality of the fundamental changes we all need to make to ensure ... -
The Overlooked Answer To Retirement Woes: Your 401(k)
Sometimes, landing free money is as easy as asking. Find out how to get the most out of your 401(k) retirement plan. -
A Lousy Investment That May Be A Good Source Of Income
In the past few years reverse mortgages have been heavily marketed as the way to become debt, and worry, free. For some seniors a reverse mortgage makes sense, for other though this dream product ...
Free Annual Reports