Financial Solutions for Federal Employees
Defined Benefit
Retirement Plans
The CSRS and FERS both provide a defined benefit — a basic annuity, or a series of payments at regular intervals. But while CSRS is a defined benefit-only plan with no portability, FERS includes automatic enrollment in Social Security, automatic enrollment in the Thrift Savings Plan with options for additional contributions, and portability (the ability to roll over a TSP into another eligible retirement plan).
Essential questions to ask include:
- How much money will I need for the retirement lifestyle I envision?
- Will my defined benefit plan provide the necessary income stream?
- What amount should I contribute to a TSP to pursue the retirement income I desire?
- (For FERS members) What will my monthly Social Security benefit be at retirement? Will this plus my defined benefit be enough to retire on?
- At what age can I retire with the income I desire?
Your local First Command Financial Advisor can help you determine the answers to these questions and make retirement planning part of a personalized, comprehensive financial plan to help you pursue your financial goals.
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parent of First Command Financial Planning, Inc. (Member SIPC) and First Command Bank (member FDIC and Equal Housing Lender) | Privacy Policy | Description of Services | Business Recovery Notice
In certain states, as required by law, First Command Financial Services, Inc. does business as a separate, domestic corporation, and does business in California as “First Command Insurance Services.”
Insurance products and services are offered by First Command Financial Services, Inc. Securities, annuities, tax-preparation services and financial planning services are offered by First Command Financial Planning Inc. Banking and trust services are offered by First Command Bank. Securities products are not FDIC insured, have no bank guarantee and may lose value.
First Command Educational Foundation is a non-profit 501(c)3 organization independent from any other First Command entity.
A financial plan, by itself, cannot assure that retirement or other financial goals will be met.
