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COMPENSATION AND BENEFITS - RETIREMENT

NSWC Corona employee receives a length of service awardFederal Employees Retirement System
NSWC Corona employees are covered by the Federal Employees Retirement System (FERS). FERS provides benefits from three different sources: a Basic Benefit Plan, Social Security, and the Thrift Savings Plan (TSP). Our Agency pays part of the Basic Benefit and Social Security and withholds the employee’s share as payroll deductions. After retirement, employees receive annuity payments each month for the rest of their lives.

For additional information about FERS, including retirement eligibility requirements and survivor benefits, please see the Office of Personnel Management FERS website.


Thrift Savings Plan
For more information on TSP, visit the Thrift Savings Plan website.

Employee Contribution

Automatic 1% Contribution

Agency Matching Contribution

Total TSP Contribution

0%

1%

0%

1%

1%

1%

1%

3%

2%

1%

2%

5%

3%

1%

3%

7%

4%

1%

3.5%

8.5%

5%

1%

4%

10%

More than 5%

1%

4%

Employee Contribution + 5%

 


 

 

 

The Department of Navy is an Equal Opportunity Employer. All qualified candidates will receive consideration without regard to race, color, religion, sex, national origin, age, disability, marital status, political affiliation, sexual orientation, or any other non-merit factor. The Department of the Navy provides reasonable accommodation to applicants with disabilities. Applicant who believe they require reasonable accommodation should contact us at (951) 393-5255 for assistance.