CSRS
Proper noun
Meaning
CSRS
(government, US) Initialism of Civil Service Retirement System.
Anagrams
Examples
CSRs are paid out by the executive branch on a month-to-month basis, and were estimated by the bipartisan Congressional Budget Office (CBO) to cost $7 billion throughout 2017.
CSRS provided retirement, disability and survivor benefits for most civilian employees in the US Federal government, until the creation of a new Federal agency, the Federal Employees Retirement System (FERS), in 1987.
In 2006, the average annual pension for retired senators and representatives under the Civil Service Retirement System (CSRS) was $60,972, while those who retired under FERS, or in combination with CSRS, was $35,952.
Most other employees that contribute to the CSRS have 7% deducted from their wages.
The PAEA created the Postal Service Retiree Health Benefit Fund (PSRHB) after Congress removed the Postal Service contribution to the Civil Service Retirement System (CSRS).
The University Lakes Project evaluation team must choose between two finalists—one, a joint venture of Brailsford & Dunlavey and CSRS; the other, a joint venture of Stantec and KPMG LLP—immediately after the teams deliver their presentations.