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Federal Employees Retirement System (FERS): Reduced Value
Although financial planners familiar with the federal benefits program say that in a society where pension plans have become a thing of the past, federal and postal workers will be among the nation’s best-off seniors; however, Mike Causey of Mike Causey Federal Report says “They reduced the value of the defined-benefit federal pension program by replacing the Civil Service Retirement System (CSRS) with the Federal Employees Retirement System (FERS).” Read article here…
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