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In 1987 a new retirement system called the Federal Employees Retirement System (FERS) was introduced for federal civil service personnel. Some observers have hypothesized that FERS would alter the retirement and separation outcomes produced by FERS predecessor the Civil Service Retirement System (CSRS). This report compares the retirement and separation incentives embedded in FERS versus those in CSRS to see whether the incentives embedded in FERS are consistent with these hypotheses. It also examines which system is more generous in terms of providing greater expected net lifetime earnings and retirement wealth. To compare the systems the authors compute expected net wealth associated with different separation and retirement ages for a representative individual. The authors also conduct sensitivity analyses to see how their comparisons differ under alternative assumptions. Finally the authors use

Features: *Made of high-quality materials and practical. *Quick to install and easy to use. *Made of high-quality materials anti- wear-resistant and non-deformation. Specification: *Part name: Quarter Panel *Material: ABS *Colour: Black *Size: as shown in the picture *OEM Number: 68391659AA *Installation method: replacement installation *High Universality Fitment：NO Fitments: For 2015-2022 For 2015-2018 (Please refer to the pictures and check OE before purchasing) Package Contents: 1* Quarter Panel Notes: 1. Due to various factors such as monitor brightness and light brightness the actual color of the item may be slightly different from the image displayed on the website. 2. Manual measurement data may have slight deviations.

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