I call CSRS the no-brainer retirement system. You put your time in and you're guaranteed 60..70..or even 80 percent of your high three. Anything you put and accumulate into the TSP is just icing on the cake. Most co-workers I talk to, who are under FERS don't have a clue about how to manage their TSP accounts yet even increase their contributions. They just contribute to G and forget about it. For those who are a little more savvy they contribute to the L funds or even a combination of the other funds, but it does require a lot of work and research which most of them don't have time to do. If they just "set it and forget it" they can get burned. I recall back in the Great Recession of 2007-2008, a fellow employee had all his eggs in the equity funds since "...that's what someone told him to do" and he lost quite a bit. The unfortunate thing was that he was so close to retirement it was a bad decision on his part, and he was forced to stay a few more years. For those in CSRS that would not have been an issue. Lack of knowledge or willingness to understand the TSP are the biggest drawbacks to FERS IMO.
Posted by: scsi_guru@yahoo.com
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