{ "id": "98-972", "type": "CRS Report", "typeId": "RL", "number": "98-972", "active": true, "source": "CRSReports.Congress.gov, EveryCRSReport.com, University of North Texas Libraries Government Documents Department", "versions": [ { "source_dir": "crsreports.congress.gov", "title": "Federal Employees\u2019 Retirement System: Summary of Recent Trends", "retrieved": "2024-01-11T04:03:42.699300", "id": "98-972_22_2023-12-12", "formats": [ { "filename": "files/2023-12-12_98-972_7e88998e55737904e16762608ab4d65d28c6f624.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/RL/98-972/22", "sha1": "7e88998e55737904e16762608ab4d65d28c6f624" }, { "format": "HTML", "filename": "files/2023-12-12_98-972_7e88998e55737904e16762608ab4d65d28c6f624.html" } ], "date": "2023-12-12", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "RL", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=98-972", "type": "CRS Report" }, { "source": "EveryCRSReport.com", "id": 613033, "date": "2020-01-10", "retrieved": "2020-01-10T23:14:57.657492", "title": "Federal Employees\u2019 Retirement System: Summary of Recent Trends", "summary": "This report describes recent trends in the characteristics of annuitants and current employees covered by the Civil Service Retirement System (CSRS) and the Federal Employees\u2019 Retirement System (FERS) as well as the financial status of the Civil Service Retirement and Disability Fund (CSRDF).\nIn FY2018, 96% of current civilian federal employees were enrolled in FERS, which covers employees hired since 1984. Four percent were enrolled in CSRS, which covers only employees hired before 1984.\nIn FY2018, more than 2.6 million people received civil service annuity payments, including 2,132,713 employee annuitants and 514,266 survivor annuitants. Of these individuals, 67% received annuities earned under CSRS.\nAbout one-third of all federal employee annuitants and survivor annuitants reside in five states: California, Texas, Florida, Maryland, and Virginia.\nThe average civilian federal employee who retired in FY2016 was 61.5 years old and had completed 26.8 years of federal service.\nThe average monthly annuity payment to workers who retired under CSRS in FY2018 was $4,973. Workers who retired under FERS received an average monthly annuity of $1,834. Employees retiring under FERS had a shorter average length of service than those under CSRS. FERS annuities are supplemented by Social Security benefits and the Thrift Savings Plan (TSP).\nAt the end of FY2018, the balance of the CSRDF was $915.3 billion, an amount equal to more than 10 times the amount of outlays from the fund that year. The trust fund balance is expected to reach $931 billion by the end of FY2029.\nFrom FY1970 to FY1985, the number of people receiving federal civil service annuities rose from fewer than 1 million to nearly 2 million, an increase of 105%. Between FY1985 and FY2018, the number of civil service annuitants rose by 694,000, an increase of about 35%.\nIn FY2018, the number of civilian federal employees, including Postal Service employees, totaled 3.3 million workers. This was 254,000 fewer than the number of employees in FY2000, and 480,000 fewer than the number of employees in FY1994.\nIn FY2018, all CSRS employees were aged 45 or older, compared with 61% of FERS employees who were aged 45 or older (38.9% of FERS employees were younger than 45). Sixty-seven percent of CSRS employees were aged 60 or older, whereas 14% of FERS employees were in this age range.\nFor a general overview of current benefits and financing under CSRS and FERS, see CRS Report 98-810, Federal Employees\u2019 Retirement System: Benefits and Financing.\nFor summary information on recent reform proposals related to CSRS and FERS, see CRS In Focus IF10243, Civilian Federal Retirement: Current Law, Recent Changes, and Reform Proposals.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "https://www.crs.gov/Reports/98-972", "sha1": "7b2d7e1b330e1fd1c6788a35ea99115ee18d868a", "filename": "files/20200110_98-972_7b2d7e1b330e1fd1c6788a35ea99115ee18d868a.html", "images": {} }, { "format": "PDF", "encoding": null, "url": "https://www.crs.gov/Reports/pdf/98-972", "sha1": "dfb40d049538e5e348d0e840b230d403a72720f8", "filename": "files/20200110_98-972_dfb40d049538e5e348d0e840b230d403a72720f8.pdf", "images": {} } ], "topics": [ { "source": "IBCList", "id": 4751, "name": "Federal Workforce" }, { "source": "IBCList", "id": 4869, "name": "Pensions & IRAs" } ] }, { "source": "EveryCRSReport.com", "id": 585183, "date": "2018-02-02", "retrieved": "2018-09-13T22:43:26.937700", "title": "Federal Employees\u2019 Retirement System: Summary of Recent Trends", "summary": "This report describes recent trends in the characteristics of annuitants and current employees covered by the Civil Service Retirement System (CSRS) and the Federal Employees\u2019 Retirement System (FERS) as well as the financial status of the Civil Service Retirement and Disability Fund (CSRDF).\nIn FY2016, 94% of current civilian federal employees were enrolled in FERS, which covers employees hired since 1984. Six percent were enrolled in CSRS, which covers only employees hired before 1984.\nIn FY2016, more than 2.6 million people received civil service annuity payments, including 2,077,804 employee annuitants and 533,884 survivor annuitants. Of these individuals, 72% received annuities earned under CSRS.\nAbout one-third of all federal employee annuitants and survivor annuitants reside in five states: California, Texas, Florida, Maryland, and Virginia.\nThe average civilian federal employee who retired in FY2016 was 61.3 years old and had completed 25.6 years of federal service.\nThe average monthly annuity payment to workers who retired under CSRS in FY2016 was $4,755. Workers who retired under FERS received an average monthly annuity of $1,714. Employees retiring under FERS had a shorter average length of service than those under CSRS. FERS annuities are supplemented by Social Security benefits and the Thrift Savings Plan (TSP).\nAt the end of FY2016, the balance of the CSRDF was $879.8 billion, an amount equal to more than 10 times the amount of outlays from the fund that year. The trust fund balance is expected to reach $909 billion by the end of FY2018.\nFrom FY1970 to FY1985, the number of people receiving federal civil service annuities rose from fewer than 1 million to nearly 2 million, an increase of 105%. Between FY1985 and FY2016, the number of civil service annuitants rose by 680,000, an increase of about 35%.\nIn FY2013, the number of civilian federal employees, including Postal Service employees, totaled 3.3 million workers. This was 254,000 less than the number of employees in FY2000, and 480,000 fewer than the number of employees in FY1994.\nIn FY2016, all CSRS employees were aged 45 or older, compared with 61% of FERS employees who were aged 45 or older (38.6% of FERS employees were younger than 45). Fifty five percent of CSRS employees were aged 60 or older, whereas 13% of FERS employees were in this age range.\nFor a general overview of current benefits and financing under CSRS and FERS, see CRS Report 98-810, Federal Employees\u2019 Retirement System: Benefits and Financing.\nFor summary information on recent reform proposals related to CSRS and FERS, see CRS In Focus IF10243, Civilian Federal Retirement: Current Law, Recent Changes, and Reform Proposals.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/98-972", "sha1": "bc6ef4cef0836fe5cdece68f7152c45565f3d7e4", "filename": "files/20180202_98-972_bc6ef4cef0836fe5cdece68f7152c45565f3d7e4.html", "images": {} }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/98-972", "sha1": "3b9096b1f9c1a5e687777deaa3582eeb22ce6fe5", "filename": "files/20180202_98-972_3b9096b1f9c1a5e687777deaa3582eeb22ce6fe5.pdf", "images": {} } ], "topics": [ { "source": "IBCList", "id": 4751, "name": "Federal Workforce" }, { "source": "IBCList", "id": 4869, "name": "Pensions & IRAs" } ] }, { "source": "EveryCRSReport.com", "id": 437567, "date": "2015-01-23", "retrieved": "2016-04-06T19:36:13.153083", "title": "Federal Employees\u2019 Retirement System: Summary of Recent Trends", "summary": "This report describes recent trends in the characteristics of annuitants and current employees covered by the Civil Service Retirement System (CSRS) and the Federal Employees\u2019 Retirement System (FERS) as well as the financial status of the Civil Service Retirement and Disability Fund (CSRDF).\nIn FY2012, 90% of current civilian federal employees were enrolled in FERS, which covers employees hired since 1984. Ten percent were enrolled in CSRS, which covers only employees hired before 1984.\nIn FY2013, more than 2.5 million people received civil service annuity payments, including 1,997,381 employee annuitants and 565,701 survivor annuitants. Seventy-eight percent of these individuals received annuities earned under CSRS.\nAbout one-third of all federal employee annuitants and survivor annuitants reside in five states: California, Texas, Florida, Maryland, and Virginia.\nThe average civilian federal employee who retired in FY2013 was 60.6 years old and had completed 26.5 years of federal service.\nThe average monthly annuity payment to workers who retired under CSRS in FY2013 was $4,261. Workers who retired under FERS received an average monthly annuity of $1,493. Employees retiring under FERS had a shorter average length of service than those under CSRS. FERS annuities are supplemented by Social Security benefits and the Thrift Savings Plan (TSP).\nAt the end of FY2013, the balance of the CSRDF was $836 billion, an amount equal to more than 11 times the amount of outlays from the fund that year. The trust fund balance is expected to reach $849 billion by the end of FY2014.\nFrom FY1970 to FY1985, the number of people receiving federal civil service annuities rose from fewer than 1 million to nearly 2 million, an increase of 105%. Between FY1985 and FY2011, the number of civil service annuitants rose by 620,000, an increase of about 31%.\nIn FY2012, civilian federal employment, including the Postal Service, totaled 2.76 million workers. This was 53,000 more than the number of employees in FY2000, but 211,000 fewer than the number of employees in FY1994.\nAlmost all (99.9%) CSRS employees were aged 45 or older in FY2012, compared with 60% of FERS employees who were aged 45 or older (40% of FERS employees were younger than 45). Thirty-nine percent of CSRS employees were aged 60 or older, whereas 11% of FERS employees were in this age range.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/98-972", "sha1": "f6eea0479f3228f2d07a95677b8bfe4d47123d7a", "filename": "files/20150123_98-972_f6eea0479f3228f2d07a95677b8bfe4d47123d7a.html", "images": null }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/98-972", "sha1": "4935a28120ea17b8c799aeec86d32160379b9daa", "filename": "files/20150123_98-972_4935a28120ea17b8c799aeec86d32160379b9daa.pdf", "images": null } ], "topics": [ { "source": "IBCList", "id": 554, "name": "Federal Workforce: Human Resource Management" } ] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc83868/", "id": "98-972_2011Jan11", "date": "2011-01-11", "retrieved": "2012-04-27T15:49:45", "title": "Federal Employees' Retirement System: Summary of Recent Trends", "summary": "This report describes recent trends in the number of civil service annuitants and the financial status of the Civil Service Retirement and Disability Fund.", "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20110111_98-972_681a83f3ef0d1b60261ac51ba7f88340eea3359e.pdf" }, { "format": "HTML", "filename": "files/20110111_98-972_681a83f3ef0d1b60261ac51ba7f88340eea3359e.html" } ], "topics": [ { "source": "LIV", "id": "Government employees", "name": "Government employees" }, { "source": "LIV", "id": "Federal employees - Pension funds - Law and legislation", "name": "Federal employees - Pension funds - Law and legislation" }, { "source": "LIV", "id": "Pensions", "name": "Pensions" } ] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc815198/", "id": "98-972_2007Mar22", "date": "2007-03-22", "retrieved": "2016-03-19T13:57:26", "title": "Federal Employee Retirement Programs: Summary of Recent Trends", "summary": null, "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20070322_98-972_4d5a69b45486fbb0cb85e30890782dff300b96a3.pdf" }, { "format": "HTML", "filename": "files/20070322_98-972_4d5a69b45486fbb0cb85e30890782dff300b96a3.html" } ], "topics": [] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc811246/", "id": "98-972_2004Jan23", "date": "2004-01-23", "retrieved": "2016-03-19T13:57:26", "title": "Federal Employees\u2019 Retirement System: Summary of Recent Trends", "summary": null, "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20040123_98-972_f1c082bfb44751133d71d4805c4592ddbc633bbf.pdf" }, { "format": "HTML", "filename": "files/20040123_98-972_f1c082bfb44751133d71d4805c4592ddbc633bbf.html" } ], "topics": [] } ], "topics": [ "Domestic Social Policy" ] }