Civil Service Retirement System
Okay kiddo, so the civil service retirement system is like a big piggy bank for people who work for the government. When people work for the government, they get paid money for doing their jobs. Some of that money gets put into the piggy bank, and it keeps growing and growing over time.
When these people retire from their jobs, they stop working and start using the money in the piggy bank to support themselves instead. They get a certain amount of money every month from the piggy bank, kind of like an allowance.
Now, the amount of money in the piggy bank depends on how much they put in while they were working, how long they worked for the government, and a few other things. But the important thing to remember is that it's there to help them when they're not working anymore.
When these people retire from their jobs, they stop working and start using the money in the piggy bank to support themselves instead. They get a certain amount of money every month from the piggy bank, kind of like an allowance.
Now, the amount of money in the piggy bank depends on how much they put in while they were working, how long they worked for the government, and a few other things. But the important thing to remember is that it's there to help them when they're not working anymore.