Employees of the IRS are enrolled in the Federal Employees Retirement System (FERS).
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It depends on what you put into your TSP account
they have 401k and retirement
TSP 5% match is good. Good return rate on the G-fund, so Congress wants to mess with it and cut the rate of return. As long as that stays in place, I'll continue to contribute to it. You can't roll the money over into a traditional Roth or IRA.
Pension plan for retirement
1-1 match on, 403B, pension for long-time employees, retired employees can keep health insurance
On the FERS retirement plan, you will receive both a general retirement as well as 401(k), (Thrift Savings Plan) with matching.
Standard government retirement plan with few options to choose from.
Best thing was when i left the job they let the account exist. When I get a new job I will be able to continue with that plan.
The main part of the reason I started with the IRS was to get low cost health insurance which has high coverage.
Retirement plan is better than most out there the 401k type part has a 5% match which is about average compared to other plans I have had elsewhere.