Now we all know that you can’t work forever, no matter how much you love your government job. The public sector automatically provides you with the Federal Employees Retirement System (FERS), which consists of three different contributions to your retirement.
As you progress along your public service career path, you will earn credit for your Social Security account and pay taxes for this program in full. But in the end, Social Security will supply you with many benefits once you turn 62, such as protection for your survivors, protection if you become disabled, and others.
Basic Benefits Plan
As a government employee, you must pay a small amount to your Basic Benefits Plan, and your employer will pay ...