146 employees reported this benefit
Employees of the IRS are enrolled in the Federal Employees Retirement System (FERS).
This information about the Retirement Plan benefit at IRS is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of IRS. The description here may not reflect the current IRS Retirement Plan benefit.
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.
401k- style plan plus matching 5%
Best=defined pension (for now) Worst=vested in 5 yrs
Thrift Savings Plan is transferrable to other govt agencies if you decide to leave and go to another govt agency and you can leave money in there if you dont. There is another retirement you see your money going into but I dont understand how to see about that one
Work 30 years and maybe get 70% of your pay