National Security Agency Retirement Plan
30 employees reported this benefit
Available to US-based employees
The Federal Employees Retirement System (FERS) is the retirement plan for those entering federal service under a permanent appointment. FERS benefits are portable and allow employees to take an active role in securing their futures.
FERS is a three-tiered plan composed of the following components:
- Basic Benefit Plan – Establishes an annuity amount based on an employee's age, years of federal service as of the effective retirement date and average highest salary attained over a 3-year consecutive period.
- Social Security Benefit – Payments made from the Social Security Fund at retirement are based on an employee's age, type of benefit applied for and earnings history from social security-covered wages.
- Thrift Savings Plan (TSP) – The TSP is a tax-deferred retirement savings and investment plan similar to 401(k) plans offered by private employers.
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Pension plan plus 401K contributions
the agency has a three tier program, they price match your tsp contributions, they pay 1% to tsp for you, as well as a pension plan that they pay in for you.
They really make sure that you can take care of your family, should the unthinkable may happen.
It's as much as you put into it and it isn't specific to the agency. All federal workers are elegible for TSP savings.
The best thing about NSA's retirement plan is that there is a federal pension; however, in recent years, new employees are required contribute even more to this plan (for the same benefits) than employees who entered on duty in years prior. Another downside is that although a pension is offered, the pay at NSA is so low that the pension at best offsets it.
The federal pension through NSA is just about average. Still it's better than no pension, and you know that they'll be around in the future.