Browsing: trust fund

CSRS retirement money source

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Q. I’ve been a federal retiree under the CSRS for more than 25 years. I am curious about the fact that I have received in monthly benefits more than 10 times the amount I and my employer, the federal government, contributed during my 30-plus years of employment. I am aware that CSRS was phased out more than 25 years ago with consequent reduction of new contributions from the existing employees. (The Social Security System has a continuous source of new funds to pay into its trust fund, an advantage CSRS lacks.) What is the source of the extra funding that…