Civil Service FAQ Federal Employee Benefits Questions and Answers 2

Question 1

Which federal retirement system covers most employees hired after December 31, 1983?

Accepted Answer

Federal Employees Retirement System (FERS)

Answer

Civil Service Retirement System (CSRS)

Answer

Thrift Savings Plan (TSP)

Answer

Federal Pension Annuity Plan (FPAP)

Question 2

What is the maximum percentage of salary a federal employee can contribute to the Thrift Savings Plan (TSP) per year?

Accepted Answer

100% up to the IRS limit

Answer

10%

Answer

25%

Answer

50%

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?

Accepted Answer

6 hours

Answer

4 hours

Answer

8 hours

Answer

10 hours

Question 4

What federal program provides health insurance coverage to eligible federal employees and retirees?

Accepted Answer

Federal Employees Health Benefits Program (FEHB)

Answer

Medicare Part D

Answer

TRICARE

Answer

Medicaid Federal Option

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)?

Accepted Answer

MRA with 30 years

Answer

Age 55 with 10 years

Answer

Age 60 with 20 years

Answer

Age 62 with 5 years

Question 6

Which federal benefit program provides short-term and long-term disability coverage to eligible federal employees?

Accepted Answer

Federal Employees Compensation Act (FECA)

Answer

Federal Long Term Care Insurance Program (FLTCIP)

Answer

Federal Employees' Group Life Insurance (FEGLI)

Answer

Social Security Disability Insurance (SSDI)