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Federal Employees' Retirement System: Benefits and Financing
| Content Provider | University of North Texas |
|---|---|
| Author | Isaacs, Katelin P. |
| 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 $106,800 in 2011. This report discusses both retirement funds. |
| Archival Resource Key | ark:/67531/metadc83861 |
| Language | English |
| Publisher | Library of Congress. Congressional Research Service. |
| Publisher Date | 2015-08-10 |
| Publisher Place | Washington D.C. |
| Access Restriction | Open |
| Subject Keyword | pensions government employees federal employees - pension funds - law and legislation |
| Content Type | Text |
| Resource Type | Report |
