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If Members leave Congress before reaching retirement age, they may leave their contributions behind and receive a deferred pension later. [1] The current pension program, effective January 1987, is under the Federal Employees Retirement System (FERS), which covers members and other federal employees whose federal employment began in 1984 or later.
Employees hired after 1983 are required to be covered by the Federal Employees Retirement System (FERS), which is a three tiered retirement system with a smaller defined benefit (pension), Social Security, and a 401(k)-style system called the Thrift Savings Plan (TSP). The defined benefits of both the CSRS and the FERS systems are paid out of ...
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The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019, Pub. L. Tooltip Public Law (United States) 116–94 (text), was signed into law by President Donald Trump on December 20, 2019 as part of the Further Consolidated Appropriations Act, 2020 (2020 United States federal budget).
The Schlieffen Plan (German: Schlieffen-Plan, pronounced [ʃliːfən plaːn]) is a name given after the First World War to German war plans, due to the influence of Field Marshal Alfred von Schlieffen and his thinking on an invasion of France and Belgium, which began on 4 August 1914.
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