Federal Employees' Retirement System: Benefits and Financing

Isaacs, Katelin P.

Library of Congress. Congressional Research Service.

关键词: Government employees;    Federal employees - Pension funds - Law and legislation;    Pensions;   

RP-ID  :  98-810
RP-ID  :  98-810_2011Jan05

美国|英语

来源: UNT Digital Library

【 摘 要 】

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.