Federal Employees' Retirement System: Benefits and Financing
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 fun…
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Date:
February 14, 2012
Creator:
Isaacs, Katelin P.
Partner:
UNT Libraries Government Documents Department