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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: 4,412

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).
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