130 employees reported this benefit
Social Security Administration offers retirement plans.
This information about the Retirement Plan benefit at Social Security Administration is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of Social Security Administration. The description here may not reflect the current Social Security Administration Retirement Plan benefit.
Thrift savings plan which is similar to 401K with matching fund - first three percent dollar for dollar, 4th and 5th percent 50 cents on the dollar
FERS is fine. It's very flexible
Hard to beat their benefits
3-part retirement plan: 401k with matching up to 5%, pension, and social security. The 401k matching only goes up to 4%.
The Retirement Plan does not pay in as high as one would think...........
It's just so so.
i have so long to wait until retirement but i work in retirement so its good.
good amount when I retire. However, under the FRS option- some of my SSA retirement benefits will reduce my pension which is not fair as I paid social security taxes all along
If you contribute to the Thrift Saving Account, SSA will match up to a certain percentage. The matching program allows you to grow your retirement dollars pretty quickly.
It is an agency that is centered on retirement after all. Federal retirement was changed such that the former, most generous retirement program is nor available to new employees.