What Is The Federal Government Retirement Plan?

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    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    The is the federal employees retirement system, the FERS, for federal government employees. Most of these retirement plans are defined benefit retirement plans, but some offer defined contribution plans, which are becoming more popular like a 401(k) in the private sector.
     
    Answered on September 5, 2013
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