Federal 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.
Automatic 1% Contribution
Agency Matching Contribution
Total TSP Contribution
More than 5%
Employee Contribution + 5%