Annual Leave Status Report of Leave To Be Taken, Forfeited, or Restored, Annual Report of Leave Usage for Leave Year 20XX, Classified Employee Control Listing of Within-Grade Increase Forms for F/T and P/T Employees, Classified Employee Within-Grade Increase Four Week Notification for F/T and P/T Employees, Classified Employee Within-Grade Increase Sixteen Week Listing for F/T and P/T Employees, Classified Employee WGI Status Sixteen Week Listing for F/T and P/T Employees, Compensatory Time for Religious Observance, Control List for Supervisory/Managerial Probationary Period Report Forms, Control Listing of Performance Evaluation Forms Prepared for F/T and P/T Employees, Conversion to Career Tenure Four Week Notification, Employees Approaching Expiration of Detail Assignment, Employees Approaching Expiration of Grade Retention, Employees Approaching Expiration of Limited Appointment - Temporary, Employees Approaching Expiration of Temporary Promotion, Employer-Provided Health Insurance Offer and Coverage, Error Analysis by Personnel Office Identifier, Federal Wage System WGI Status Eight Week Notification, Individual Retirement Record (Civil Service Retirement System), Individual Retirement Record (Federal Employees Retirement System), Listing of Employees Covered Under Option X, Listing of Employees on LWOP Pending OWCP for 3 or More Months, Listing of Employee With Change in Union Dues, Listing of Salary Data for Sched No XXXXXX, Monthly Report of Federal Civilian Employment (SF 113-A Format), Monthly Report of Full-Time Equivalent/Work-Year Civilian Employment (SF-113G Format), Monthly Report of Senior Community Service Program Enrollees, Notification of Adjustment to Longevity Date, Notification of Change in Earned Annual Leave Status, Notification of Change (NOC) Suspense Report, Notification of Employees in Non-Pay Status With Expired NTE Dates, Notification of Expiration of Probationary or Trial Period, Notification of Longevity Percent Changes, Notification of Position To Be Inactivated, Pay Period Personnel Actions on Employees Required to File SF-278, Performance Evaluation Eligibility for - Perm (or Temp) - Employees, Permanent Workforce - Analysis of Work Force: Federal Wage System, Permanent Workforce - Analysis of Work Force: Types of Occupations, Permanent Workforce - Analysis of Work Force: White Collar (GS, GM, SES and All Others), Premium Pay and Leave Report by Employee Name, Premium Pay and Leave Report by Organizational Structure, Quarterly Report on Continuation of Pay for OWCP, Quarterly Report of Employees Required to File SF-278, Record of Documents Deleted Manually from ADJP 4316 by NFC, Report of Federal Employment and Wages for Three Months Period Ending (Month/Year), Report of TSP Separations for Pay Period XX, Section 912, U.S. Overseas Civilian Allowances, Statement for Recipients of Miscellaneous or Interest Income or Taxable Grants, Supervisory or Managerial Probationary Period Report, TAPER and Status Quo Employees Approaching Eligibility for Conversion to Career, Temporary Employees - FEHB Coverage Eligibility, W2 Reporting System Earnings by Duty Station and Residence for Kansas and Missouri, Work Years and Personnel Cost Report - Basic and Premium Work Years and Pay, Work Years and Personnel Cost Report - Cost of Employees Benefits, Work Years and Personnel Cost Report - Leave Earned and Used, 90-Day Notification for Recertification of Retention Allowance, Appendix A: High-3 Average Pay Computations, Appendix B: Regular Federal Employees Retirement System (FERS) (Retirement Coverage Code K), Appendix C: Federal Employees Retirement System (FERS) - Special Retirement (Retirement Coverage Code M), Appendix D: Civil Service Retirement System (CSRS) and CSRS-Offset Retirement (Retirement Coverage Codes 1, C, and R), Appendix E: Civil Service Retirement System (CSRS) and CSRS-Offset Special Retirement (Retirement Coverage Codes E, T, and 6), Appendix F: Foreign Service Pension System (FSPS) (Retirement Coverage Code P), Appendix G: Foreign Service Retirement and Disability System (FSRDS) and FSRDS-Offset Retirement (Retirement Coverage Codes 3 and G), Foreign Service Retirement and Disability System. Step 7. Displays the Catch-up Contribution Amount for TSP Thrift Savings Plan participants age 50 and older as is appears on IRIS Information/Research Inquiry System Program IR118 for Plan Code 06 (TSP Thrift Savings Plan Catch-up Contribution). The fourth option of retirement with 25 years of service at any age applies to FERS Federal Employees Retirement System only. Current Year Bi-Weekly TSP Regular Contributions by Employee. FERS Federal Employees Retirement System LEO law enforcement officer/FF firefighter (Retirement Codes M and O): This amount is equal to 90% of the employee's estimated monthly annuity without survivor benefits. For employees with 5 or more years of creditable service, the monthly disability is computed as follows: If the employee is not at least 50 years of age with 20 or more years of special service, see steps above or CSRS and CSRS-Offset employees. A common measure of inflation in the U.S. is the Consumer Price Index (CPI) which has a long-term average change of 2.5 percent annually, from 2000 to 2010. This field appears on FERS Federal Employees Retirement System and FSPS Foreign Service Pension System statements only for Retirement Coverage Codes I, K, M, O, and P. This amount is obtained from PAYE Payroll Computation System as of PP Pay Period 01 of the current year. Annuity Interest Rate for TSP and Non-TSP * Annuity Interest Rate % What is the Annuity Interest Rate? This field appears on FERS Federal Employees Retirement System and FSPS Foreign Service Pension System statements for Retirement Coverage Codes I, K, M, O, and P. For employees that do not receive Agency contributions, this field is the total of the employee's TSP Thrift Savings Plan regular and TSP Thrift Savings Plan regular catch-up contributions and appears on the CSRS Civil Service Retirement System and FSRDS Foreign Service Retirement and Disability System statements for Retirement Coverage Codes 0, 1, 3, 6, 7, C, D, E, G, Q, R, and T. Manual payments and adjustments are not included in this amount. Current Year Bi-Weekly Employee Medicare (HIT) Deductions. This amount is generated from PAYE Payroll Computation System as of the last pay period of the prior year. This amount is obtained from PAYE Payroll Computation System as of the last pay period of the prior year. Value of Annual Leave Balance, Prior Year. Prior Year Annual Cost to Agency for Medicare (HIT). Thrift Savings Plan (TSP) annuity provides you with monthly income for life. Determine the time factor using the 360 Day Factor Chart (see the. Compare Annual Pay and Disability High-3 and select the larger of the amounts. John Grobe is President of Federal Career Experts, a firm that provides pre-retirement training and seminars to a wide variety of federal agencies. This field appears on LEO law enforcement officer/FF firefighter and enhanced CBPO Customs and Border Protection Officer statements only (Retirement Codes M, O, E, T, Q, 0, and 6). Total Prior Year Annual Premium Cost for Basic Coverage. Retirement benefits payable within the next 3 years have been estimated using a Retirement High-3 consisting of the employee's adjusted salary averaged over a 3-year period prior to the proposed retirement date. Obtain current interest rate index. If the calculated replacement rate is less than the desired replacement rate, the TSP contribution rate is increased bit by bit (0.25% of salary) until the calculation comes out to the replacement rate goal or it hits the tax deferral limit (currently $17,000). Current Year Bi-Weekly Premium Cost to Employee for Additional Coverage. This amount equals FEGLI Federal Employees' Group Life Insurance basic life insurance coverage plus the basic amount payable if death is not accidental but with no extra benefit for age. The non-TSP savings amount that you enter may include savings from different sources such as your savings account(s), non-TSP mutual funds, and non-TSP retirement funds (private sector 401-Ks, Individual Retirement Accounts, etc.). The long term rate of investment return used by the Civil Service Retirement Fund Board of Actuaries is 5.75%. This amount is the sum of the employee and Agency costs. This amount is obtained from PAYE Payroll Computation System as of the last pay period of the prior year. If the employee has Option A, Standard Life Insurance, the amount payable is the FEGLI Federal Employees' Group Life Insurance coverage amount plus $10,000. Step 2. This field appears on FERS, FERS LEO law enforcement officer/FF firefighter, FSPS Foreign Service Pension System, and CSRS-Offset statements only (Retirement Codes I, K, M,O, P, C, and E). If the plan code is LE, then the assumption is the employee is participating in LTC Long Term Care Insurance. Step 2. This amount is the sum of the biweekly cost to the employee and Agency. FSPS Foreign Service Pension System (Retirement Code P): Monthly annuity is computed using High-3 Average Pay with total creditable service up to the eligible retirement date and FSPS Foreign Service Pension System retirement formulas in Appendix F: Foreign Service Pension System (FSPS) (Retirement Coverage Code P). Compare Steps 1 and 3 and select the smaller of the amounts. Descriptions can be found on TMGT Table Management System Table 025, AD-350 (Personnel Block and Description), Block Number 16. For LEO law enforcement officer/FF firefighter (Retirement Coverage Codes 6, E, M, or T) who receive AUO administratively uncontrollable overtime, availability pay, or standby pay in PP Pay Period 01, the basic FEGLI Federal Employees' Group Life Insurance coverage is computed as follows: For U.S. Customs employees (enhanced CBPO Customs and Border Protection Officers) covered by COPR Customs Officer Pay Reform, the basic FEGLI Federal Employees' Group Life Insurance coverage amount is computed as follows: FEGLI Federal Employees' Group Life Insurance Standard Coverage Amount, Not Accidental Death. COPRA Customs Officer Pay Reform Act overtime is not included in this figure. Prior Year Annual Premium Cost to Employee for Family Coverage. Taxes This field appears on FERS, FSPS Foreign Service Pension System, and CSRS-Offset statements only (Retirement Codes I, K, M, O, P, C, and E). Step 2. If you are interested in purchasing a TSP life annuity, visit tsp.gov. Little Change to TSP Annuity Option - FEDweek If the name of the carrier cannot be found, the message Your Federal Health Carrier Has Discontinued Service, Contact Your Personnel Office is displayed. This amount is limited to a maximum of [(Disability High-3 x 80%)/12]. If the employees health benefit code on IRIS Information/Research Inquiry System Program IR115 is 1 (Enrolled), the health benefits plan coverage code is used to find the name of the Government-wide benefit carrier on TMGT Table Management System Table 011, Health Benefit Carrier Name and Address. Rates of Return | The Thrift Savings Plan (TSP) This field appears on LEO law enforcement officer/FF firefighter and enhanced CBPO Customs and Border Protection Officer statements only (Retirement Codes M, O, E, T, Q, 0, and 6). Displays the estimated annuity (with full survivor benefit) the employee's spouse will receive at the specified age and date. Have the low interest rates we have been having for the last several years affected the amount of money a person would be entitled to if they chose the annuity option? Displays the employee's flexible spending plan code for healthcare as it appears on IRIS Information/Research Inquiry System Program IR113, Flexfund. Due to adjustments, this amount could not be computed. CSRS Civil Service Retirement Systemand CSRS Civil Service Retirement System-Offset (Retirement Codes 1, C, and R): If the employee's past creditable service is less than 5 years, then no monthly disability pension is allowed. Contact appropriate office or individual as designated by your employing organization for details. Retirement Income Modeler The new Retirement Income Modeler uses information specific to your account to help you determine your savings goals. TSP Annuity Rates - How Low Will They Go? - TSP Investing Strategies The chart and table below show the recent history of the G Fund rate. All or a combination of the items may appear on your statement depending on your particular Agency's requirements and/or your type of retirement plan. If any FDIC Federal Deposit Insurance Corporation employee is enrolled in a Federal health benefit plan in PP Pay Period 01 but no deductions are recorded, this figure reflects the regular FDIC Federal Deposit Insurance Corporation deduction amount as it appears on TMGT Table Management System Table 012. Compute [Monthly Annuity Without Survivor Benefit x 12]. For all other options, the amount payable is the FEGLI Federal Employees' Group Life Insurance coverage amount. Step 2. Displays the total amount paid each pay period toward the employee's retirement account for the current year. This topic has been updated to replace the 2019 Personal Benefits Statement with the 2020 Personal Benefits Statement, to update the Thrift Saving Program (TSP) Annuity Interest Rate Index to 1.491 percent and the FERS death benefits additional amount to $34,542.01. Developing senior leaders in the U.S. Government through Leadership for a Democratic Society, Custom Programs and Interagency Courses. Up to three options may be displayed. Contact the appropriate office or individual as designated by your employing organization for details. Displays the biweekly amount paid by the employee for dental coverage as it appears on IRIS Information/Research Inquiry System Program, IR115. The rate, which is based on a moving average of 10-year U. S. Treasury bonds, can change as frequently as monthly.. 10 Critical Coordinates for Navigating FERS Retirement (Part 3), Monthly annuity at 2.375% (September 2015). INQUIRY 20-03, Personal Benefits Statement - National Finance Center You should choose assumptions--or range of assumptions--that are right for you based on your particular circumstances. Use our free TSP calculator to estimate your retirement withdrawals. The long term rate of General Schedule salary increases used by the Civil Service Retirement Fund Board of Actuaries is 3.75%. COVID Contact appropriate office or individual as designated by your employing organization for details. A Thrift Savings Plan (TSP) annuity provides income in the form of monthly payments for as long as you - and your joint annuitant, if you elect an annuity with survivor benefits - are alive. Displays the amount payable to the employee for accidental loss of limbs or eyesight under accidental dismemberment insurance. This amount is obtained from the employees personnel history as of PP Pay Period 01 of the current year. Total Prior Year Cost to Agency for Social Security and Medicare. This amount is obtained from PAYE Payroll Computation System as of PP Pay Period 01 of the current year. This field appears on CSRS, CSRS LEO law enforcement officer/FF firefighter, and FSRDS Foreign Service Retirement and Disability System statements only (Retirement Codes 1, 3, 6, and R). For detailed information on basic pay, see the CSRS Civil Service Retirement System and FERS Federal Employees Retirement System Handbook for Personnel and Payroll Offices or contact your personnel office. Manual payments and adjustments are not included in this amount. Although the TSP annuity interest rate index changes monthly, for purposes of the Federal Ballpark E$timate, we are using the default factor of 3.5% for both the TSP and non-TSP savings calculations. Displays the total amount paid towards the employee's retirement account for the prior year. For employees with 5 or more years of creditable service, the monthly disability is computed as follows: If the employee is 60 years of age or older, the monthly annuity is computed as follows: Determine the monthly pension using total creditable service up to the date of the statement and the applicable CSRS or CSRS-Offset retirement formulas displayed in Appendix D: Civil Service Retirement System (CSRS) and CSRS-Offset Retirement (Retirement Coverage Codes 1, C, and R), replacing Retirement High-3 with Disability High-3. If you aren't putting at least 5% of your income into your TSP, to maximize the matching contributions from your agency, you're turning down free money . Prior Year Annual Retirement Coverage Costs to Employee. "Catch-up contributions" are supplemental tax-deferred employee contributions that employees age 50 or older can make to the Thrift Saving Plan (TSP) beyond the maximum amount they can contribute through regular contributions. Compute [Step 1 - $3,600] x 10%]. Retirees are increasingly energetic, healthy, and active. If the employee has not elected FEGLI Federal Employees' Group Life Insurance family coverage, N/A is displayed. This amount is displayed either as a dollar amount or percentage rate. Employee Age at TSP Estimated Monthly Annuity. Displays the employee's optional life insurance amount payable at death from any cause. For U.S. Customs employees covered by COPRA Customs Officer Pay Reform Act, this amount reflects the employee's adjusted salary as of PP 01 of the current year. Estimated Monthly Annuity Reduced For Survivor Benefit Under Regular Service. If the employee has elected Option A, Standard, the amount displayed is $10,000. FEHB FERS, FSPS Foreign Service Pension System, and FERS LEO law enforcement officer/FF firefighter (Retirement Codes I, K, M, O, and P): The monthly survivor annuity is computed as follows: CSRS and CSRS-Offset (Retirement Codes 1, C, and R): The monthly survivor annuity is computed as follows: CSRS and CSRS-Offset LEO law enforcement officer/FF firefighter (Retirement Codes 6, E, and T): The monthly survivor annuity is computed as follows: If the employee is not at least 50 years of age with 20 or more years of special service, see steps above for CSRS and CSRS-Offset employees. CSRS Civil Service Retirement System and CSRS Civil Service Retirement System-Offset (Retirement Codes E, T, Q, 0, and 6): The estimated monthly annuity is computed as follows: Estimated Monthly Annuity With Survivor Benefit Under Special Service.