| Description: | Most civilian federal employees who were hired before 1984 are covered by the Civil Service Retirement System, and contribute 7.0% of their pay to a retirement fund. Federal employees hired in 1984 or later are covered by the Federal Employees' Retirement System and contribute 0.8% of their pay to a retirement fund. Both require participants to contribute toward the cost of their pensions through a payroll tax. The taxable wage base is $110,100 in 2012. This report discusses both retirement funds. |
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| Creator(s): | Isaacs, Katelin P. |
| Location(s): | United States |
| Creation Date: | February 14, 2012 |
| Partner(s): |
UNT Libraries Government Documents Department
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| Collection(s): |
Congressional Research Service Reports
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| Usage: |
Total Uses: 30
Past 30 days: 1
Yesterday: 0
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| Creator (Author): |
Isaacs, Katelin P.
Analyst in Income Security |
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| Publisher Info: |
Publisher Name: Congressional Research Service, Library of Congress
Place of Publication: Washington D.C.
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| Original Creation Date: | February 14, 2012 | |
| Coverage: |
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| Description: | Most civilian federal employees who were hired before 1984 are covered by the Civil Service Retirement System, and contribute 7.0% of their pay to a retirement fund. Federal employees hired in 1984 or later are covered by the Federal Employees' Retirement System and contribute 0.8% of their pay to a retirement fund. Both require participants to contribute toward the cost of their pensions through a payroll tax. The taxable wage base is $110,100 in 2012. This report discusses both retirement funds. |
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| Physical Description: |
20 pages. |
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| Language(s): | ||
| Subject(s): | ||
| Partner: |
UNT Libraries Government Documents Department
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| Collection: |
Congressional Research Service Reports
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| Identifier: |
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| Resource Type: | Report | |
| Format: | Text | |
