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Federal Employees Benefits Q &A

Do you have questions about your federal employee CSRS or FERS pension/annuity or federal employee retirement planning? Concerns about your Thrift Savings Plan (TSP) account or what about federal employee pay and leave issues?

Ask your question here.

The Q&A forum is moderated by Ed Zurndorfer -- an expert on federal employee benefits -- and a Certified Financial Planner, chartered life underwriter and chartered financial consultant in Maryland.

Zurndorfer is also the author of several federal employee benefits guides published by Federal Employees News Digest.

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Note: FederalSoup.com has attempted to compile information that is as accurate and current as possible for federal employees. Federal policies, laws, regulations, statistics and addresses continually change. Therefore, no warranties are made as to the accuracy or completeness of the information presented in this column. If additional clarification or information is needed, it is suggested that competent and professional assistance be sought. Mr. Zurndorfer does not moderate other forums on FederalSoup and will not reply to general FederalSoup inquiries submitted in this Q&A forum.

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#1 Posted : Thursday, November 22, 2012 11:42:07 AM(UTC)

Rank: Newbie

Groups: Registered
Joined: 11/15/2010(UTC)
Posts: 7

Hi All - I am looking for a calculator / guidance in regards to finding out how much "extra" contribution would I have to make for FERS if I my EOD is in January 2013. As this is my first permanent federal job, I will be part of the new FERS system (FERS-RAE) where in employees contribute 2.3% more. Does this 2.3% include applicable locality pay (I will be out of Washington DC metro area). Is 2.3% based off of Gross? I have read in this OPM memo http://www.opm.gov/retir...ubs/bals/2012/12-104.pdf that it is going to be on After Tax amount. I am trying to get relieve date from my employer before December 31 this year but they have not found a replacement yet and want to push relieve date beyond that
Ed Zurndorfer  
#2 Posted : Sunday, November 25, 2012 7:45:16 PM(UTC)
Ed Zurndorfer

Rank: Senior Member

Groups: Registered
Joined: 9/10/2001(UTC)
Posts: 4,414

The 3.1 percent contribution to FERS (an increase of 2.3 percent from the current 0.8 percent) that applies to newly-hired (as of 1/1/2013) employees will be deducted from an employee's after-tax wages (which includes any locality-pay adjustment).
#3 Posted : Tuesday, April 22, 2014 6:14:48 AM(UTC)

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Joined: 9/10/2012(UTC)
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I need some guidance with my situation.

I was hired with a SCD of 4/12/2010 and worked without a break in service until 9/30/2013. My break in service was due to a military spouse move. I got hired back into the Federal Government 1/27/2014 and was put on the newest FERS-RAE system and have been getting emails saying that I will soon pay 4.4% into my retirement.

When I look at the FERS-RAE FAQ it says if you were employed on 12/31/2012 under the FERS system that even with less than 5 years of service you will stay on the FERS system. I was employed under the FERS system on 12/31/2012.

The newest literature for the 4.4% does not have that verbiage in it anywhere. Did they remove that clause that allowed me to stay in FERS? My HR Dept is still investigating and now it is going on 3 months since I have been working here and I was hoping you could provide me with an answer.

Thank you.

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