Federal Employee Retirement System

Rep. Connolly Reintroduces Equal COLA Act to Bring Parity to Federal Retirement Systems

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The Equal COLA Act is endorsed by the following organizations: The American Federation of Government Employees (AFGE), the American Federation of State, County and Municipal Employees (AFSCME), the Federal Managers Association (FMA), the International Association of Fire Fighters (IAFF), the International Federation of Professional and Technical Engineers (IFPTE), the National Active and Retired Federal Employees Association (NARFE), the National Federation of Federal Employees (NFFE), and the National Treasury Employees Union (NTEU).

USPS OIG: Independent Report on Employee Benefits Submitted to Office of Personnel Management

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Background This report presents the results of our performance of the procedures agreed upon by the Office of the Chief Financial Officer of the U.S. Office of Personnel Management (OPM). The report responds to the U.S. Office of Management and Budget’s requirements to assist the OPM in assessing the reasonableness of employee withholdings and U.S. … Read more

2022 COLA information for CSRS, FERS annuitants and SS recipients

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The 2022 CSRS COLA adjustment will be 5.9% effective with January 2022 annuity payments. The 2022 FERS COLA adjustment will be 4.9% effective with January 2022 annuity payments. The 2022 Social Security COLA adjustment will be 5.9% effective with January 2022 annuity payments. Source: Pay Information | American Postal Workers Union

USPS OIG: Independent Report to OPM on Employee Benefits

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Independent Report to OPM – Employee Benefits, Withholdings, Contributions, Supplemental Semiannual Headcount Reporting Objective We performed procedures agreed upon by the U.S. Office of Personnel Management’s (OPM) Inspector General and the OPM’s Chief Financial Officer. This attestation engagement is an annual requirement of the U.S. Office of Management and Budget. Our objective was to assist … Read more

Postal Employees and Retirees See Threats to Pay and Benefits in White House Budget

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03/29/2019 – The White House released its plans for the fiscal year 2020 budget this month. It once again attacks workers, calling for deep cuts to salaries, retirement and health benefits. It also echoes parts of the Postal Task Force December 2018 report that calls for the elimination of union negotiated collective bargaining rights over … Read more

APWU: New Social Security Legislation Introduced

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02/19/2019 – On Feb. 14, Sen. Bernie Sanders (I-VT) introduced the “Expand Social Security Act,” legislation that would expand benefits and add almost 50 years of solvency to the program. Social Security, in its current form, is paying out more money to recipients than it takes in, and will no longer be able to pay … Read more

USPS OIG: Postal Service Retiree Funds Investment Strategies

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The U.S. Postal Service participates in three retirement plans: the Civil Service Retirement System (CSRS), the Federal Employee Retirement System (FERS), and the Postal Service Retiree Health Benefits Fund (PSRHBF). The first two are pension plans, and the third is set up to prefund and provide retiree health benefits. These plans are restricted to government … Read more

Where do I fit? – FERS information offered for newly hired career postal employees

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Have you started a Postal Service career job within the last few years? If so, the date you began your career appointment determines which Federal Employee Retirement System (FERS) category covers you. If you were hired after Jan. 1, 2013, and have no previous federal service — or if you had less than five years … Read more