RETIRE 20-03, Increase in Agency Retirement Contribution Percentages
Published: October 19, 2020
Effective: Pay Period 21, 2020
Summary
This bulletin is being issued to inform users that effective Pay Period 21, 2020, the percentages of Agency contribution rates for the Federal Employee Retirement System (FERS), FERS-Revised Annuity Employees (FERS-RAE), and FERS-Further Revised Annuity Employees (FERS-FRAE) are increasing as detailed in the Office of Personnel Management's (OPM) Benefits Administration Letter (BAL) 20-304.
No action on the part of the employee or the personnel office is necessary.
Implementation
The table below lists the retirement code, retirement plan, and the new Agency contribution amount.
Code |
Retirement Plan |
Percentage |
|---|---|---|
I |
FERS Congressional Employee |
24.3 |
K |
FERS and Federal Insurance Contributions Act (FICA) |
17.3 |
L |
FERS and FICA - Air Traffic Controller |
35.7 |
M |
FERS and FICA - Special |
35.8 |
N |
FERS and FICA - Reserve Tech |
20.1 |
O |
Customs and Border Protection Officers |
35.8 |
None |
FERS and FICA Capitol Police |
35.8 |
None |
FERS-RAE and FICA Congressional Employee |
15.5 |
None |
FERS-FRAE and FICA Congressional Employee |
15.5 |
KF |
FERS and FICA |
15.5 |
KR |
FERS and FICA |
15.5 |
LF |
FERS and FICA - Air Traffic Controller |
33.9 |
LR |
FERS and FICA - Air Traffic Controller |
33.9 |
MF |
FERS and FICA - Special |
34.0 |
MR |
FERS and FICA - Special |
34.0 |
NF |
FERS and FICA - Reserve Tech |
18.2 |
NR |
FERS and FICA - Reserve Tech |
18.2 |
OR |
FERS-RAE and FICA Special - Customs and Border Protection Officers |
34.0 |
OF |
FERS-FRAE - Customs and Border Protection Officers |
34.0 |
None |
FERS-RAE and FICA Capitol Police |
34.0 |
None |
FERS-FRAE and FICA Capitol Police |
34.0 |
Resources
The procedure manual for this application, which is available online at the National Finance Center (NFC) Web site, is being updated to include the information in this bulletin.
Inquiries
If you have any questions regarding this notification, please contact NFC’s Retirement Processing Section mailbox at or submit a request viaServiceNow.