Civil Service FAQ Federal Employee Benefits Questions and Answers 2 — Questions and Answers
Question 1: Which federal retirement system covers most employees hired after December 31, 1983?
- Civil Service Retirement System (CSRS)
- Federal Employees Retirement System (FERS) (Correct answer)
- Thrift Savings Plan (TSP)
- Federal Pension Annuity Plan (FPAP)
Correct answer: Federal Employees Retirement System (FERS)
FERS was established in 1986 and covers most federal employees hired after December 31, 1983.
Question 2: What is the maximum percentage of salary a federal employee can contribute to the Thrift Savings Plan (TSP) per year?
- 10%
- 25%
- 50%
- 100% up to the IRS limit (Correct answer)
Correct answer: 100% up to the IRS limit
Federal employees can contribute up to 100% of their salary to the TSP, subject to the annual IRS elective deferral limit.
Question 3: Under FERS, how many hours of annual leave does a federal employee with 3 to 14 years of service earn per pay period?
- 4 hours
- 6 hours (Correct answer)
- 8 hours
- 10 hours
Correct answer: 6 hours
FERS employees with 3 to 14 years of service earn 6 hours of annual leave per 26 biweekly pay periods (4 hours for under 3 years, 8 hours for 15+ years).
Question 4: What federal program provides health insurance coverage to eligible federal employees and retirees?
- Medicare Part D
- Federal Employees Health Benefits Program (FEHB) (Correct answer)
- TRICARE
- Medicaid Federal Option
Correct answer: Federal Employees Health Benefits Program (FEHB)
The Federal Employees Health Benefits (FEHB) Program is the largest employer-sponsored health insurance program in the U.S., covering federal workers and retirees.
Question 5: Under FERS, what is the minimum age and years of service required for an immediate, unreduced retirement at the Minimum Retirement Age (MRA)?
- Age 55 with 10 years
- MRA with 30 years (Correct answer)
- Age 60 with 20 years
- Age 62 with 5 years
Correct answer: MRA with 30 years
Under FERS, an employee can retire at their Minimum Retirement Age (MRA) with 30 years of service for an immediate, unreduced annuity.
Question 6: Which federal benefit program provides short-term and long-term disability coverage to eligible federal employees?
- Federal Employees Compensation Act (FECA) (Correct answer)
- Federal Long Term Care Insurance Program (FLTCIP)
- Federal Employees' Group Life Insurance (FEGLI)
- Social Security Disability Insurance (SSDI)
Correct answer: Federal Employees Compensation Act (FECA)
FECA provides compensation for federal employees who suffer work-related injuries or illnesses, covering medical costs and lost wages.
Civil Service FAQ Federal Employee Benefits Questions and Answers 2
Which federal retirement system covers most employees hired after December 31, 1983?