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Your Personal Benefits Statement
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.
Your Personal Benefits Statement provides the estimated value of benefits available to an employee or his/her survivors in the event of voluntary retirement, disability retirement, or death. The statement also includes estimated annuity benefits and account balances from TSP, Social Security's Old Age and Survivors Disability Insurance (OASDI) and/or Medicare Hospital Insurance Tax (HIT) benefits.
The Personal Benefits Statement is produced annually (calendar year) and is available to the Agency through the Reporting Center (Personal Benefits Statement) and to the employee through the Employee Personal Page (EPP). Below is an example of a Personal Benefits Statement for a Federal Employees Retirement System (FERS) employee.
Who Will Receive the Statement
The purpose of the annual statement is to provide information about the employee’s complete compensation package and to serve as a tool for the employee in developing a financial plan for employee retirement. A statement that is applicable to employee retirement coverage is produced for each eligible employee.
Retirement Coverage Codes and Plan Names
Retirement Coverage Code |
Plan Name |
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Civil Service Retirement System (CSRS) Offset |
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CSRS Offset (Congressional) Federal Insurance Contribution Act (FICA) |
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FICA and Foreign Service Retirement and Disability System (FSRDS) (Partial) |
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Foreign Service Pension System (FSPS) Further Revised Annuity Employees (FRAE) (Congressional) |
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FERS-RAE (Revised Annuity Employees) (Congressional) |
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Customs and Border Protection Officers (CBPO) FERS Enhanced |
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FICA and CSRS - Special (Full) - for law enforcement and firefighter personnel |
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CSRS - Special - for law enforcement and firefighter personnel |
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CSRS (Congressional) |
Part-time employees with any of the above codes and one of the following work schedules will receive a statement for his/her applicable retirement plan:
Work Schedule Code |
Description |
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Part-time |
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Part-time seasonal |
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Part-time sharer |
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Part-time seasonal job sharer |
Some employee benefits statements may consist of less than a full calendar year, due to the Agency’s implementation date to NFC's Payroll/Personnel System.
Who Will Not Receive a Benefits Statement
Some employees will not receive a benefits statement for the following reasons:
- The employee’s retirement coverage code is not listed in the Retirement Coverage Codes and Plan Names table.
- The employee is intermittent/seasonal (e.g., other than work schedules , , , and ).
- The employee’s 6C Retirement Date on IRIS Program IR102, Dates & Misc Sal/Pers Data, is invalid. This date identifies the SCD for employees appointed to law enforcement officer and firefighter (LEO/FF) or Customs and Border Protection positions. These positions are under Retirement Coverage Codes , , , , , , or and require a special retirement deduction rate. Invalid means that the 6C Retirement Date is earlier than the retirement service computation date or is later than the benefits statement date.
- The employee is not eligible for retirement benefits.
- The employee was not active in the last Pay Period (PP) of the prior year or PP 01 of the current year.
- The employee is an FDIC annuitant with FERS annuitant indicator or or CSRS annuitant indicator or .
- The employee is an FDIC annuitant in Pay Plan EX.
- The employee’s Agency has elected not to issue statements. The following Agencies fall under this category:
- Architect of the Capitol (LA)
- Commission on Security and Cooperation in Europe (85)
- Congressional Budget Office (AQ)
- Consumer Financial Protection Bureau (FT)
- Office of the Comptroller of the Currency (AJ)
- Smithsonian Institution (Trust) (71)
- Treasury Technical Assistance (TE)
- U.S. Botanic Garden (BG)
- U.S. Capitol Police (CP)
- U.S. Senate Restaurants (SR)
Description of Each Item
The following provides an explanation of the statement. This is not the final authority, but is written to explain items that are computed for the statement. Most items appear on the statement for all retirement plans with the Personal Statement of Benefits System (PSBS). Some items appear only on selected statements and are clearly stated in the text of the description. 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.
Descriptions of each item are as follows:
Field |
Description |
|---|---|
Social Security Number |
Displays the employee's masked Social Security number (SSN) as it appears on IRIS Program IR117, Retirement Data. This number is generated from BEAR as of PP 01 of the current year. |
Birth Date |
Displays the employee’s date of birth as it appears on IRIS Program IR122, SF-50B Data Elements. |
Retirement SCD |
Displays the employee’s SCD for retirement as it appears on IRIS Program IR102. This date is generated from BEAR as of PP 01 of the current year. |
Retirement Coverage |
Displays the name and code of the employee’s retirement plan as it appears on IRIS Program IR117. Descriptions can be found on TMGT Table 025, AD-350 (Personnel Block and Description), Block Number 16. This code is generated from BEAR as of PP 01 of the current year. |
6C/ECBPO Retirement SCD |
Displays the employee’s 6C SCD for retirement as it appears on IRIS Program IR102. This date is used to compute benefits under special LEO/FF service or enhanced CBPOs covered under the Customs Officer Pay Reform Act of 1993 (COPRA) service. This date is generated from BEAR as of PP 01 of the current year. For all other statements, is displayed. |
Leave SCD |
Displays the employee’s SCD for leave accrual as it appears on IRIS Program IR102. This date is generated from BEAR as of PP 01 of the current year. |
TSP Contribution Amount - Regular |
Displays the employee’s biweekly contribution to his/her TSP account as it appears on IRIS Program IR118, Thrift Savings Data, for Plan Code (FERS) and Plan Code (CSRS). This amount is displayed either as a dollar amount or percentage rate. This information is generated from BEAR as of PP 01 of the current year. |
TSP Contribution Amount - Roth |
Displays the employee's biweekly non-tax deferred contribution to his/her TSP account as it appears on IRIS Program, IR118 for Plan Code (FERS) and Plan Code (CSRS). This amount is displayed either as a dollar amount or percentage rate. This information is generated from BEAR as of PP 01 of the current year. |
TSP Catch-up Contribution Amount - Regular |
Displays the Catch-up Contribution Amount for TSP participants age 50 and older as is appears on IRIS Program IR118 for Plan Code (TSP Catch-up Contribution). This field is displayed as a dollar amount and is generated from BEAR as of PP 01 of the current year. |
TSP Catch-up Contribution Amount - Roth |
Displays the Roth Catch-up Contribution Amount for TSP participants 50 and older as it appears on IRIS Program IR118 for Plan Code (Roth Catch-up). This field is displayed as a dollar amount and is generated from BEAR as of PP 01 of the current year. |
The following fields are displayed in the Pay section:
Field |
Description |
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Annual Pay |
Displays the employee’s adjusted salary that consists of the rate of annual basic pay, interim geographic adjustments, and locality comparability payments for the current year. This amount is obtained from the employee’s personnel history as of PP 01 of the current year. AUO, availability pay, and stand-by pay amounts are obtained from the Payroll Computation System (PAYE) as of PP 01 of the current year. For detailed information on basic pay, see the CSRS and FERS Handbook for Personnel and Payroll Offices or contact your personnel office. For LEO/FF or enhanced CBPO (Retirement Coverage Codes , , , , , , and ), this is the adjusted salary plus any applicable AUO, availability pay, and standby pay received by the employee in PP 01 of the current year. Annual Salary = Adjusted Salary + (PP 01 AUO, Availability, Standby Pay x the Number of Pay Periods in the Prior Year) For U.S. Customs employees covered by COPRA, this amount reflects the employee's adjusted salary as of PP 01 of the current year. COPRA overtime is not included in this figure. For part-time employees (Work Schedules , , , and ), the hourly rate of pay is obtained from the employee's personnel history record as of PP 01 of the current year. Annual Salary is computed as follows: If not (per hour) employee: Hourly Rate = Adjusted Salary/2087 Annual Salary = (Hourly Rate x Tour-of-Duty Hours x the number of pay periods in the year) For all employees, the adjusted salary salary has been modified for the following conditions:
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The following fields are displayed in the Total Compensation And Costs section:
Field |
Description |
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Agency Compensation - Prior Year |
Displays the summary of the employee’s annual salary plus all Government contributions toward:
Adjusted salary is obtained from the employee’s personnel history as of the last pay period of the prior year. AUO, availability pay, and standby pay are generated from PAYE as of the last pay period of the prior year. Retirement deductions are generated from RETM as of the last pay period of the prior tax year. For most employees, the annual salary is the adjusted salary as of the last pay period of the prior year. For LEO/FF (Retirement Coverage Codes , , , and ), this is the last pay period of the prior year's adjusted salary plus any applicable AUO, availability pay, and standby pay received by the employee in the last pay period of the prior year. Annual Salary = [Last PP of the prior year's Adjusted Salary + PP 01 through the Last PP of the prior year's AUO, Availability, Standby Pay] For part-time employees (Work Schedules , , , and ), the hourly rate of pay is obtained from the employee's personnel history as of the last pay period of the prior year. Total hours worked (for the tax year) are obtained from RETM as of PP 24 of the prior year. Annual salary is computed as follows: Hourly Rate = Adjusted Salary/2087 For U.S. Customs employees covered by COPRA, this amount reflects the employee's prior year annual salary plus benefits and is computed in one of the following ways: FERS and CSRS-Offset employees (Retirement Coverage Codes and ): Annual salary = Prior Year Retirement Deductions x 125.00 CSRS employees (Retirement Coverage Code ): Annual Salary = Prior Year Retirement Deductions x 14.29 FERS and CSRS-Offset CBPO employees (Retirement Coverage Codes and ): Annual Salary = Prior Year Retirement Deductions x 76.92 CSRS CBPO employees (Retirement Coverage Code ): Annual Salary = Prior Year Retirement Deductions x 13.33 |
The following fields are displayed in the Leave section:
Field |
Description |
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Sick Leave Balance - Prior Year |
Displays the employee’s carryover sick leave balance for the prior year as it appears on IRIS Program IR136, Annual/Sick Leave, as of the last pay period of the prior year. If the prior year balance is negative, is displayed. |
Annual Leave Balance - Prior Year |
Displays the employee’s carryover annual leave balance for the prior year as it appears on IRIS Program IR136, as of the last pay period of the prior year. If the prior year balance is negative, zeros are displayed. |
The following fields are displayed in the Federal Employees Health Benefits (FEHB) Program section:
Field |
Description |
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FEHB Plan Code |
Displays the employee’s FEHB enrollment code as it appears on IRIS Program IR115, Health Benefits, as of PP 01 of the current year. |
FEHB Plan Name |
Displays the name of the employee’s Government-wide health benefit carrier. If the employee’s health benefit code on IRIS Program IR115 is (Enrolled), the health benefits plan coverage code is used to find the name of the Government-wide benefit carrier on TMGT Table 011, Health Benefit Carrier Name and Address. If the name of the carrier cannot be found, the message is displayed. If the health benefit plan code and the health benefit option code are both zero, the message is displayed. |
FEHB Tax Deferred Code |
Displays the employee's tax deferred code (if elected) for health benefits as displayed on PINQ Program PQ053, PACS Health, and IRIS Program IR115. |
Current Year Bi-Weekly Premium Cost to Employee |
Displays the biweekly amount paid by the employee for FEHB coverage.This amount is obtained from PAYE as of PP 01 of the current year. If any full-time employee is enrolled in a health benefit plan in PP 01 but no deductions were recorded, this figure is obtained from TMGT Table 012, Health Benefit Rates, in order to reflect the expected biweekly deduction amount for the current year. If any FDIC employee is enrolled in a Federal health benefit plan in PP 01 but no deductions are recorded, this figure reflects the regular FDIC deduction amount as it appears on TMGT Table 012. Manual payments and adjustments are not included in this amount. |
Current Year Bi-Weekly Premium Cost to Agency |
Displays the biweekly amount paid by the Agency for the employee’s FEHB coverage. This amount is obtained from PAYE as of PP 01 of the current year. If the employee is enrolled in a health benefit plan in PP 01 but no deductions are recorded, this figure is obtained from TMGT Table 012 in order to reflect the expected biweekly contribution amount for the current year. If any FDIC employee is enrolled in a Federal health benefit plan in PP 01 but no deductions are recorded, this figure reflects the regular FDIC deduction amount as it appears on TMGT Table 012. Manual payments and adjustments are not included in this amount. |
Total Current Year Bi-Weekly Premium Cost for FEHB |
Displays the total biweekly amount paid for the employee’s FEHB coverage. This total is the sum of the employee and Agency current year costs. Manual payments and adjustments are not included in this amount. |
Prior Year Annual Premium Cost to Employee |
Displays the annual amount by the employee for FEHB coverage for the prior year. This amount is obtained from PAYE as of the last pay period of the prior year. In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (), and a footnote will display stating . |
Prior Year Annual Premium Cost to Agency |
Displays the annual amount paid by the Agency for the employee’s FEHB coverage for the prior year. This amount is obtained from PAYE as of the last pay period of the prior year. In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (), and a footnote will display stating . |
Total Prior Year Premium Cost for FEHB |
Displays the total amount paid for the employee’s FEHB coverage for the prior calendar year. This total is the sum of the employee and Agency prior year costs. In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (), and a footnote will display stating . |
The following fields are displayed in the Federal Employees Group Life Insurance (FEGLI) Program section:
Field |
Description |
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Coverage |
Displays the description of the employee’s life insurance coverage code as it appears on IRIS Program IR116, Life Insurance. The description is retrieved from TMGT Table 025, Block Number 13. For more information on these coverages, see the OPM publication FEGLI Handbook for Personnel and Payroll Offices or contact your personnel office. |
Current Year Bi-Weekly Premium Cost to Employee for Basic Coverage |
Displays the amount paid each pay period by the employee for FEGLI basic coverage for the current year. This amount is obtained from PAYE as of PP 01 of the current year. Manual payments and adjustments are not included in this amount |
Current Year Bi-Weekly Premium Cost to Agency for Basic Coverage |
Displays the amount paid each pay period by the Agency for the employee’s FEGLI basic coverage for the current year. This amount is obtained from PAYE as of PP 01 of the current year. Manual payments and adjustments are not included in this amount. |
Total Current Year Bi-Weekly Premium Cost for Basic Coverage |
Displays the total amount paid each pay period for the employee’s FEGLI basic coverage for the current year. This total is the sum of the employee and Agency costs. Manual payments and adjustments are not included in this amount. |
Current Year Bi-Weekly Premium Cost to Employee for Standard Coverage |
Displays the amount paid each pay period by the employee for FEGLI standard coverage for the current year. This amount is obtained from PAYE as of PP 01 of the current year. Manual payments and adjustments are not included in this amount. |
Current Year Bi-Weekly Premium Cost to Employee for Additional Coverage |
Displays the amount paid each pay period by the employee for FEGLI additional coverage for the current year. This amount is obtained from PAYE as of PP 01 of the current year. Manual payments and adjustments are not included in this amount. |
Current Year Bi-Weekly Premium Cost to Employee for Family Coverage |
Displays the amount paid each pay period by the employee for FEGLI family coverage for the current year. This amount is obtained from PAYE as of PP 01 of the current year. Manual payments and adjustments are not included in this amount. |
Total Current Year Bi-Weekly Premium Cost to Employee for Optional Coverage |
Displays the total amount paid each pay period by the employee for FEGLI optional coverage for the current year. Manual payments and adjustments are not included in this amount. |
Prior Year Annual Premium Cost to Employee for Basic Coverage |
Displays the annual amount paid by the employee for FEGLI basic coverage for the prior year. This amount is obtained from PAYE as of the last pay period of the prior year. In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (), and a footnote will display stating . |
Prior Year Annual Premium Cost to Agency for Basic Coverage |
Displays the annual amount paid by the Agency for employee’s FEGLI basic coverage for the prior year. This amount is obtained from PAYE as of the last pay period of the prior year. In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (), and a footnote will display stating . |
Total Prior Year Annual Premium Cost for Basic Coverage |
Displays the total annual amount paid for the employee’s FEGLI basic coverage for the prior year. This total is the sum of the employee and Agency costs. In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (), and a footnote will display stating . |
Prior Year Annual Premium Cost to Employee for Standard Coverage |
Displays the annual amount paid by the employee for FEGLI standard coverage for the prior year. This amount is obtained from PAYE as of the last pay period of the prior year. In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (), and a footnote will display stating . |
Prior Year Annual Premium Cost to Employee for Additional Coverage |
Displays the annual amount paid by the employee for FEGLI additional coverage for the prior year. This amount is obtained from PAYE as of the last pay period of the prior year. In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (), and a footnote will display stating . |
Prior Year Annual Premium Cost to Employee for Family Coverage |
Displays the annual amount paid by the employee for FEGLI family coverage for the prior year. This amount is obtained from PAYE as of the last pay period of the prior year. In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (), and a footnote will display stating . |
Total Prior Year Annual Premium Cost to Employee for Optional Coverage |
Displays the total annual amount paid by the employee for FEGLI optional coverage for the prior year. In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (), and a footnote will display stating . |
FEGLI Basic Coverage Amount, Not Accidental Death |
Displays the employee’s FEGLI basic coverage amount payable at death. If the employee has not elected FEGLI Basic Coverage, is displayed. For most employees, the basic FEGLI coverage amount is equal to the life insurance coverage as it appears on IRIS Program IR116, multiplied by 1,000 (annual salary, rounded to the next 1,000). For LEO/FF (Retirement Coverage Codes , , , or ) who receive AUO, availability pay, or standby pay in PP 01, the basic FEGLI coverage is computed as follows:
For U.S. Customs employees (enhanced CBPOs) covered by COPR, the basic FEGLI coverage amount is computed as follows:
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The following table reflects the extra benefits payable at certain ages for FEGLI basic coverage:
If Employee's Age Is: |
Amount Payable Is: |
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0 - 35 |
FEGLI basic coverage amount x 2 |
36 |
FEGLI basic coverage amount x 1.9 |
37 |
FEGLI basic coverage amount x 1.8 |
38 |
FEGLI basic coverage amount x 1.7 |
39 |
FEGLI basic coverage amount x 1.6 |
40 |
FEGLI basic coverage amount x 1.5 |
41 |
FEGLI basic coverage amount x 1.4 |
42 |
FEGLI basic coverage amount x 1.3 |
43 |
FEGLI basic coverage amount x 1.2 |
44 |
FEGLI basic coverage amount x 1.1 |
45 and over |
FEGLI basic coverage amount x 1 |
The following fields are displayed in the Federal Employees Group Life Insurance (FEGLI) Program section:
Field |
Description |
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FEGLI Standard Coverage Amount, Not Accidental Death |
Displays the employee's optional life insurance amount payable at death from any cause. If the employee has elected Option A, Standard, the amount displayed is . If the employee has not elected FEGLI standard coverage, is displayed. |
FEGLI Additional Coverage Amount, Not Accidental Death |
Displays the employee’s additional life insurance amount payable at death from any cause. If the employee has not elected Option B, Additional, is displayed. |
If the employee has elected Option B, Additional, the amount is computed as follows:
If Option B, Additional, Is: |
Amount Payable Is: |
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1 |
(FEGLI Coverage Amount - $2,000) x 1 |
2 |
(FEGLI Coverage Amount - $2,000) x 2 |
3 |
(FEGLI Coverage Amount - $2,000) x 3 |
4 |
(FEGLI Coverage Amount - $2,000) x 4 |
5 |
(FEGLI Coverage Amount - $2,000) x 5 |
The following fields are displayed in the Federal Employees Group Life Insurance (FEGLI) Program section:
Field |
Description |
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Total FEGLI Basic, Standard, and Additional Coverage Amount, Not Accidental Death |
Displays the employee's total amount of FEGLI Basic, Standard, and Additional Coverage payable at death. |
FEGLI, Basic Coverage Amount, Accidental Death |
Displays the amount payable under FEGLI basic coverage if death is accidental. This amount equals FEGLI basic life insurance coverage plus the basic amount payable if death is not accidental but with no extra benefit for age. |
FEGLI Standard Coverage Amount, Accidental Death |
Displays the amount payable under FEGLI standard coverage if death is accidental. This amount equals FEGLI standard coverage multiplied by 2. If the employee has not elected Option A, Standard, is displayed. |
FEGLI Additional Coverage Amount, Accidental Death |
Displays the amount payable under FEGLI additional coverage if death is accidental. This amount is the same as the amount payable if death is not accidental. If the employee has not elected Option B, Additional, is displayed. |
Total FEGLI Basic, Standard, Additional Coverage Amount, Accidental Death |
Displays the total amount payable under FEGLI basic, standard, and additional coverage if death is accidental. |
FEGLI Family Coverage Amount, Death of Spouse |
Displays the amount payable under FEGLI family coverage to the employee in case of death of the employee's spouse. This coverage amount is computed as 5,000 x Option C Factor as displayed on IRIS Program IR116. If the employee has not elected FEGLI family coverage, is displayed. |
FEGLI Family Coverage Amount, Death of Child |
Displays the amount payable under FEGLI family coverage to the employee in case of death of an employee's child. This coverage amount is computed as 2,500 X Option C Factor as displayed on IRIS Program IR116. If the employee has not elected FEGLI family coverage, is displayed. |
Accidental Loss of Limbs or Total Eyesight |
Displays the amount payable to the employee for accidental loss of limbs or eyesight under accidental dismemberment insurance. If the employee has no basic life insurance, he/she is not eligible for accidental dismemberment coverage. If the employee has Option A, Standard Life Insurance, the amount payable is the FEGLI coverage amount plus $10,000. For all other options, the amount payable is the FEGLI coverage amount. |
Accidental Loss of One Limb or One Eye |
Displays the amount payable to the employee for the accidental loss of one limb or one eye under accidental dismemberment insurance. If the employee has no basic life insurance, he/she is not eligible for accidental dismemberment coverage. The amount payable is one-half of the amount paid for accidental loss of limbs or total eyesight. |
The following fields are displayed in the Thrift Savings Plan (TSP) section:
Field |
Description |
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Current Year Bi-Weekly TSP Regular Contributions by Employee |
Displays the biweekly amount the employee contributed to his/her TSP account. This amount is displayed on IRIS Program IR118 for Plan Code or Plan Code . This amount is obtained from PAYE as of PP 01 of the current year. Manual payments and adjustments are not included in this amount. |
Current Year Bi-Weekly TSP Roth Contributions by Employee |
Displays the biweekly non-tax-deferred Roth contribution to his/her TSP account. This amount is displayed on IRIS Program IR118 for Plan Code or Plan Code . This amount is obtained from PAYE as of PP 01 of the current year. Manual payments and adjustments are not included in this amount. |
Current Year Bi-Weekly TSP Regular Contributions by Agency |
Displays the biweekly amount the Agency contributes to the employee's TSP account. This amount is displayed in the TS-CONTRIB-THRIFT-SAV field on PINQ Program PQ056, PACS Thrift Savings, for Plan Code . This field appears on FERS and FSPS statements only for Retirement Coverage Codes , , , , and . This amount is obtained from PAYE as of PP 01 of the current year. Manual payments and adjustments are not included in this amount. |
Current Year Bi-Weekly TSP Regular Catch-up Contributions by Employee |
Displays the employee's biweekly traditional catch-up contribution to the employee's TSP account. This amount is displayed on IRIS Program IR118, Record 002 for Plan Code . This amount is obtained from PAYE as of PP 01 of the current year. |
Current Year Bi-Weekly TSP Roth Catch-up Contributions by Employee |
Displays the employee's biweekly non-tax-deferred Roth catch-up contributions to the employee's TSP account. This amount is displayed on IRIS Program IR118, Record 002 for Plan Code . This amount is obtained from PAYE as of PP 01 of the current year. |
Total Current Year Bi-Weekly TSP Regular Contributions |
Displays the total biweekly traditional contributions to the employee's TSP account. This field is the total of the employee and Agency TSP regular contributions and the TSP regular catch-up contributions by the employee. This field appears on FERS and FSPS statements for Retirement Coverage Codes , , , , and . For employees that do not receive Agency contributions, this field is the total of the employee's TSP regular and TSP regular catch-up contributions and appears on the CSRS and FSRDS statements for Retirement Coverage Codes , , , , , , , , , , , and . Manual payments and adjustments are not included in this amount. |
Total Current Year Bi-Weekly TSP Roth Contributions |
Displays the total biweekly non-tax-deferred Roth contributions to the employee's TSP account. This field is the total of the employee's TSP Roth contributions and the TSP Roth catch-up contributions. Manual payments and adjustments are not included in this amount. |
Prior Year Annual TSP Regular Contributions by Employee |
Displays the sum of the employee's biweekly traditional contributions to his/her TSP account for the prior calendar year. This amount is obtained from PAYE as of the last pay period of the prior calendar year. In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (), and a footnote will display stating . |
Prior Year Annual TSP Roth Contributions by Employee |
Displays the sum of the employee's biweekly non-tax-deferred Roth contributions to his/her TSP account during the prior calendar year. This amount is obtained from PAYE as of the last pay period of the prior year. In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (), and a footnote will display stating . |
Prior Year Annual TSP Regular Contributions by Agency |
Displays the biweekly amount the Agency contributes to the employee's TSP account for the prior year. This field appears on FERS and FSPS statements only for retirement coverage codes , , , and . In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (), and a footnote will display stating y. |
Prior Year Annual TSP Regular Catch-up Contributions by Employee |
Displays the sum of the employee's biweekly traditional TSP catch-up contributions to his/her TSP account during the prior calendar year. This amount can be seen on IRIS Program IR118. This amount is obtained from PAYE as of the last pay period of the prior year. |
Prior Year Annual TSP Roth Catch-up Contributions by Employee |
Displays the sum of the employee's biweekly non-tax-deferred Roth catch-up contributions to his/her TSP account during the prior calendar year. This amount is obtained from PAYE as of the last pay period of the prior year. |
Total Prior Year Annual TSP Regular Contributions |
Displays the total amount contributed to the employee's TSP account for the prior year. This total is the sum of the employee's regular, regular catch-up and the Agency's regular TSP contributions. This field appears on FERS and FSPS statements only for Retirement Coverage Codes , , , , and . For employees that do not receive Agency contributions, this field displays the sum of the employee's regular and regular catch-up contributions only and appears on the CSRS and FSRDS statements for Retirement Coverage Codes , , , , , , , , , , , and . In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (), and a footnote will display stating . |
Total Prior Year Annual TSP Roth Contributions |
Displays the total amount of the biweekly non-tax-deferred Roth contributions to the employee's TSP account during the prior calendar year. This total is the sum of the employee's TSP Roth and TSP Roth catch-up contributions. |
TSP Account Balance |
Displays the employee's TSP account balance which is obtained from the TSP Record Keeper as of December 31st of the prior year. |
TSP Roth Balance |
Displays the employee's TSP Roth balance which is obtained from the TSP Record Keeper as of December 31st of the prior year. |
Estimated TSP Account Balance at Earliest Retirement Date |
Displays the estimated balance of the employee's TSP account at the employee's earliest eligible retirement date under either special LEO/FF service or regular service. This balance is computed according to the following format: Projected Balance = [ x 1.0723N] +[ x x (1.0723N - 14.3081)] = TSP account balance as of December 31 of the prior year = Number of years additional service to be performed = PP 01 adjusted annual salary = Employee and Agency biweekly TSP contribution rate, expressed as a percentage of annual salary. For detailed instructions on estimating TSP account balances, access . |
TSP Annuity Interest Rate Index |
Displays the TSP annuity interest rate index for December of the prior year. The rate used in 2020 is 1.491 percent. |
Employee Age at TSP Estimated Monthly Annuity |
Displays the employee's age at the estimated retirement date. This is determined by subtracting the date of birth from the applicable optional retirement date. |
TSP Estimated Premium Monthly Annuity for Single Life Annuity |
Displays the estimated single life annuity (level payments, no added features) at the age displayed in the If You Retire At Age field. For LEO/FF, this will correspond to the earliest group of retirement displayed under the If You Retire At Age field under Special Service. For all other employees, this will correspond to the earliest group of retirement annuities displayed under If You Retire At Age under Regular Service. The annuity factor tables used in these estimates are effective January 2020 until superseded. (See for updates.) The annuity estimate is determined as follows:
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Monthly Single Annuity Factors (No Added Features) Per $1,000 Account Balance (7%) Table
Employee's Age |
Annuity Factor |
|---|---|
44 |
$6.99 |
45 |
$7.21 |
46 |
$7.26 |
47 |
$7.31 |
48 |
$7.37 |
49 |
$7.43 |
50 |
$7.50 |
51 |
$7.57 |
52 |
$7.67 |
53 |
$7.72 |
54 |
$7.80 |
55 |
$7.89 |
56 |
$7.99 |
57 |
$8.09 |
58 |
$8.20 |
59 |
$8.32 |
60 |
$8.45 |
61 |
$8.58 |
62 |
$8.73 |
63 |
$8.89 |
64 |
$9.06 |
65 |
$9.24 |
66 |
$9.44 |
67 |
$9.65 |
68 |
$9.88 |
69 |
$10.13 |
70 |
$10.39 |
71 |
$10.68 |
72 |
$10.99 |
73 |
$11.32 |
74 |
$11.68 |
75 |
$12.08 |
76 |
$12.20 |
77 |
$12.32 |
78 |
$12.38 |
79 |
$12.87 |
80 |
$13.39 |
81 |
$13.96 |
82 |
$14.57 |
83 |
$15.23 |
84 |
$15.94 |
85 |
$16.69 |
86 |
$17.50 |
87 |
$18.35 |
88 |
$19.27 |
89 |
$20.23 |
90 |
$21.25 |
91 |
$22.33 |
92 |
$23.46 |
93 |
$24.67 |
94 |
$25.95 |
Interest Adjustment Factors for Single Life Annuities Table
Employee's Age Bracket |
Factor |
|---|---|
25 - 44 |
0.117 |
45 - 54 |
0.101 |
55 - 59 |
0.092 |
60 - 64 |
0.083 |
65 - 91 |
0.075 |
The following fields are displayed in the Thrift Savings Plan (TSP) section:
Field |
Description |
|---|---|
TSP Estimated Monthly Annuity for Joint Life (Spouse) Annuity |
Displays the estimated joint life annuity (level payments, no added features) at the age displayed in the If You Retire At Age field. For LEO/FF, this will correspond to the earliest group of retirement annuities displayed in the If You Retire At Age under Special Service field. For all other employees, this will correspond to the earliest group of retirement annuities displayed in the If You Retire At Age under Regular Service field. The annuity factor tables used in these estimates are effective January 2020 until superseded. (See for updates.) This annuity estimate is determined according to the following steps:
|
Monthly Joint Annuity Factors (No Added Feature) Per $1,000 Account Balance (7%) Table
Employee's Age |
Annuity Factor |
|---|---|
44 |
$6.73 |
45 |
$6.79 |
46 |
$6.82 |
47 |
$6.85 |
48 |
$6.88 |
49 |
$6.92 |
50 |
$6.96 |
51 |
$7.00 |
52 |
$7.04 |
53 |
$7.09 |
54 |
$7.14 |
55 |
$7.19 |
56 |
$7.25 |
57 |
$7.31 |
58 |
$7.38 |
59 |
$7.45 |
60 |
$7.53 |
61 |
$7.61 |
62 |
$7.71 |
63 |
$7.80 |
64 |
$7.91 |
65 |
$8.02 |
66 |
$8.15 |
67 |
$8.28 |
68 |
$8.42 |
69 |
$8.58 |
70 |
$8.75 |
71 |
$8.93 |
72 |
$9.13 |
73 |
$9.34 |
74 |
$9.57 |
75 |
$9.82 |
76 |
$9.82 |
77 |
$9.82 |
78 |
$9.82 |
79 |
$10.16 |
80 |
$10.50 |
81 |
$10.87 |
82 |
$11.26 |
83 |
$11.69 |
84 |
$12.14 |
85 |
$12.63 |
86 |
$13.16 |
87 |
$13.71 |
88 |
$14.31 |
89 |
$14.94 |
90 |
$15.61 |
91 |
$16.32 |
92 |
$17.07 |
93 |
$17.88 |
94 |
$18.74 |
Interest Adjustment Factors For Joint Life Annuities
Employee's Age Bracket |
Factor |
|---|---|
25 - 44 |
0.127 |
45 - 54 |
0.111 |
55 - 59 |
0.103 |
60 - 64 |
0.097 |
65 - 91 |
0.087 |
The following fields are displayed in the Benefits Under The Federal Employees Retirement System (FERS) section:
Field |
Description |
|---|---|
Current Year Bi-Weekly Retirement Coverage Costs to Employee |
Displays the amount paid by the employee each pay period toward his/her retirement account for the current year. This item is obtained from PAYE as of PP 01 of the current year. Manual payments and adjustments are not included in this amount. |
Current Year Bi-Weekly Retirement Coverage Costs to Agency |
Displays the amount paid by the Agency each pay period toward the employee's retirement account for the current year. This amount is obtained from PAYE as of PP 01 of the current year. Manual payments and adjustments are not included in this amount. |
Total Current Year Bi-Weekly Retirement Coverage Costs |
Displays the total amount paid each pay period toward the employee's retirement account for the current year. This total is the sum of the Current Year Biweekly Cost to Employee for Retirement and the Current Year Biweekly Cost to Agency for Retirement. Manual payments and adjustments are not included in this amount. |
Prior Year Annual Retirement Coverage Costs to Employee |
Displays the amount paid by the employee toward his/her retirement account for the prior year. This amount is obtained from PAYE as of the last pay period of the prior year. Manual payments and adjustments are not included in this amount. In cases where this amount is negative usually due to adjustments, this field will contain asterisks (), and a footnote will display stating |
Prior Year Annual Retirement Coverage Costs to Agency |
Displays the amount paid by the Agency toward the employee's retirement account for the prior year. This amount is obtained from PAYE as of the last pay period of the prior year. Manual adjustments and manual payments not included in this amount. In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (), and a footnote will display stating . |
Total Prior Year Annual Retirement Coverage Costs |
Displays the total amount paid towards the employee's retirement account for the prior year. This total is the sum of the Prior Year Annual Cost to Employee for Retirement and the Prior Year Annual Cost to Agency for Retirement. Manual payments and adjustments are not included in this amount. In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (), and a footnote will display stating . |
High-3 Average Pay for Retirement |
Displays the estimate of the employee's High-3 Average Pay for the earliest Eligible Retirement Date Under Regular Service. For LEO/FF, this estimate corresponds to the earliest Eligible Retirement Date Under Special Service. In computing the High-3 Average Pay, the rate of basic pay is used, not the actual pay received by the employee. For more information on pay entitlement included in these calculations, see the CSRS and FERS Handbook for Personnel and Payroll Offices or contact your personnel office. For the purpose of this statement:
If LEO/FF, Retirement Coverage Codes , , , and , received any appropriate AUO, availability pay, or standby pay for the 3-year period, it is included in the Retirement High-3 calculations. If the employee will not have 20 years of special service at ages 50, 55, or 57, the statement includes dates at which he/she will have the 20 years of special service. Also, if the employee's 6C Retirement date as displayed on IRIS Program IR102, is incorrect or invalid, the employee will not receive a statement. Invalid means the 6c retirement date is not a valid date, is earlier than the employee's retirement SCD, or is later than the statement date. For U.S. Customs employees covered by COPRA, the Retirement High-3 is determined as follows:
The following steps explain the approach used in determining the employee's High-3:
In preparing this statement, the following guidelines are used:
|
Age at Earliest Retirement Date |
Displays the employee's age associated with the earliest eligible retirement date. This is obtained by subtracting the employee's date of birth from the earliest retirement date. |
Length of Service at Earliest Retirement Date |
Displays the employee's length of service associated with the earliest eligible retirement date. This field is computed as follows: Length of Service = [Earliest Retirement Date - Retirement SCD Date] In the above calculations, the Length of Service displayed for part-time employees (Work Schedules , , , and ) is not prorated for tour of duty. The full length of service is used in each annuity computation. The final annuity computation is then prorated for tour of duty. This method is used because the full tour of duty is not available. |
Age at Retirement Date Under Special Service |
Displays the employee's age at the eligible retirement under LEO/FF service or COPRA service. Up to four options may be displayed. This is obtained by subtracting the employee's date of birth from the . This field appears on LEO/FF and enhanced CBPO statements only (Retirement Coverage Codes , , , , , and ). |
Eligible Retirement Date Under Special Service |
Displays the employee's eligible retirement date under LEO/FF service or COPRA service. Up to four options may be displayed for FERS employees. All others will show up with three options. The fourth option of retirement with 25 years of service at any age applies to FERS only. This is the date at which the employee will have 20 years of special service at ages 50, 55, or 57. The statement will reflect the date at which he/she will have the 20 years of special service. This field appears on LEO/FF and enhanced CBPO statements only (Retirement Codes , , , , , , and ). |
Estimated Monthly Annuity With No Survivor Benefit Under Special Service |
Displays the estimated annuity (with no survivor benefit) that the employee will receive at the specified age and date under LEO/FF service or COPRA service. Up to four options may be displayed for FERS employees. All others will show up with three options. The fourth option of retirement with 25 years of service at any age applies to FERS only. This field appears on LEO/FF and enhanced CBPO statements only (Retirement Codes , , , , , , and ). FERS LEO/FF (Retirement Codes and ): Monthly annuity is computed using High-3 Average Pay with total creditable service up to the eligible retirement date and FERS Special retirement formulas displayed in Appendix C: Federal Employees Retirement System (FERS) - Special Retirement (Retirement Coverage Code M). CSRS and CSRS-Offset LEO/FF (Retirement Codes , , , , and ): Monthly annuity is computed using High-3 Average Pay with total creditable service up to the eligible retirement date and applicable CSRS or CSRS-Offset retirement formulas displayed in Appendix E: Civil Service Retirement System (CSRS) and CSRS-Offset Special Retirement (Retirement Coverage Codes E, T, and 6). In the above calculations, the Years of Service is prorated by the PP 01 tour-of-duty for part-time employees (Work Schedules , , , and ). This estimate is used because the complete tour-of-duty proration is not available. |
Estimated Monthly Annuity Reduced For Survivor Benefit Under Special Service |
Displays the estimated monthly annuity (with full survivor benefit) that the employee will receive at the specified age and date under LEO/FF service or COPRA service. Up to four options may be displayed for FERS employees. All others will show up with three options. The fourth option of retirement with 25 years of service at any age applies to FERS only. This field appears on LEO/FF and enhanced CBPO statements only (Retirement Codes , , , , , , and ). FERS LEO/FF (Retirement Codes and ): This amount is equal to 90% of the employee's estimated monthly annuity without survivor benefits. CSRS and CSRS-Offset (Retirement Codes , , , , and ): The estimated monthly annuity is computed as follows:
|
Estimated Monthly Annuity With Survivor Benefit Under Special Service |
Displays the estimated annuity (with full survivor benefit) the employee's eligible spouse will receive at the employee's specified age and date under special LEO/FF service or COPRA service. Up to four options may be displayed for FERS employees. All others will show up to three options. The fourth option of retirement with 25 years of service at any age applies to FERS only. This field appears on LEO/FF and enhanced CBPO statements only (Retirement Codes , , , , , , and ). FERS LEO/FF (Retirement Codes and ): This amount is equal to 50% of the employee's estimated monthly annuity without survivor benefits. CSRS and CSRS-Offset LEO/FF (Retirement Codes , , , , and ): This amount is equal to 55% of the employee's estimated monthly annuity without survivor benefits. |
Age at Retirement Date Under Regular Service |
Displays the employee's age at the eligible retirement date under regular service. Up to three options may be displayed. This is obtained by subtracting the employee's date of birth from the eligible retirement date. If the employee is covered by FERS, CSRS or CSRS-Offset LEO/FF, or COPRA retirement (Retirement Codes , , , , , , or ) and meets the age and length of service requirements for the plan as of the first day of PP 01, is displayed. |
Eligible Retirement Date Under Regular Service |
Displays the employee's eligible retirement date under regular service. Up to three options may be displayed. If the employee is covered by FERS, CSRS or CSRS-Offset LEO/FF, or COPRA retirement (Retirement Codes , , , , , , or ), and meets the age and length of service requirements for the plan as of the first day of PP 01, is displayed. |
Estimated Monthly Annuity With No Survivor Benefit Under Regular Service |
Displays the estimated annuity (with no survivor benefit) that the employee will receive at the specified age and date under regular service. Up to three options may be displayed. If the employee is covered by FERS, CSRS or CSRS-Offset LEO/FF, or COPRA retirement (Retirement Codes , , , , , , or ) and meets the age and length of service requirements for the plan, this item will be blank. FERS and FERS LEO/FF (Retirement Codes , ,and ): Monthly annuity is computed using High-3 Average Pay with total creditable service up to the eligible retirement date and FERS retirement formulas displayed in Appendix B: Regular Federal Employees Retirement System (FERS) (Retirement Coverage Code K) and Appendix C: Federal Employees Retirement System (FERS) - Special Retirement (Retirement Coverage Code M). CSRS, CSRS-Offset, and CSRS-Offset LEO/FF (Retirement Codes , , , , , , , and ): Monthly annuity is computed using High-3 Average Pay with total creditable service up to the eligible retirement date and 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) and Appendix E: Civil Service Retirement System (CSRS) and CSRS-Offset Special Retirement (Retirement Coverage Codes E, T, and 6). FSRDS (Retirement Codes and ): Monthly annuity is computed using High-3 Average Pay with total creditable service up to the eligible retirement date and FSRDS retirement formulas in Appendix G: Foreign Service Retirement and Disability System (FSRDS) and FSRDS-Offset Retirement (Retirement Coverage Codes 3 and G) FSPS (Retirement Code ): Monthly annuity is computed using High-3 Average Pay with total creditable service up to the eligible retirement date and FSPS retirement formulas in Appendix F: Foreign Service Pension System (FSPS) (Retirement Coverage Code P). In the above calculations, the Years of Service is prorated by the PP 01 tour-of-duty for part-time employees (Work Schedules , , , and ). This estimate is used because the complete tour-of-duty is not available. |
Estimated Monthly Annuity Reduced For Survivor Benefit Under Regular Service |
Displays the estimated annuity (with full survivor benefit) that the employee will receive at the specified age and date. Up to three options may be displayed. If the employee is covered by FERS, CSRS or CSRS-Offset, LEO/FF, or COPRA retirement (Retirement Codes , , , , , , or ) and meets the age and length of service requirements for the plan, is displayed. FERS, FSPS, and FERS LEO/FF (Retirement Codes , , , and ): This amount is equal to 90% of the employee's estimated monthly annuity without survivor benefits. CSRS, CSRS-Offset, FSRDS, FSRDS-Offset, and corresponding LEO/FF (Retirement Codes , , , , , , , , , and ):
|
Estimated Monthly Annuity With Survivor Benefit Under Regular Service |
Displays the estimated annuity (with full survivor benefit) the employee's spouse will receive at the specified age and date. Up to three options may be displayed. If the employee is covered by FERS, CSRS or CSRS-Offset LEO/FF, or COPRA retirement (Retirement Codes , , , , , , or ) and meets the age and length of service requirements for the plan, is displayed. If the employee is a LEO/FF (Retirement Codes , , , , or ) and has at least 20 years of special service at any age, this field will display the estimated enhanced annuity (with full survivor benefits) that the employee's eligible spouse will receive. FERS, FSPS, and FERS LEO/FF (Retirement Codes , , , and ): This amount is equal to 50% of the employee's estimated monthly annuity without survivor benefits. CSRS, CSRS-Offset, FSRDS, FSRDS-Offset, and corresponding LEO/FF (Retirement Codes , , , , , , , , , and ): This amount is equal to 55% of the employee's estimated monthly annuity without survivor benefits. |
Disability High-3 |
Displays the employee's Disability High-3 as of the statement date, disability and survivor benefits payable are estimated using a Disability High-3 consisting of the employee's Adjusted-Salary averaged over a 3-year period prior to the date of the statement. For part-time employees (Work Schedules , , , and ), the actual pay earned for a 3-year period is used, or the "deemed salary" as in the High-3 Average Pay for Retirement. Actual pay (Annual Salary) is determined using the total hours the employee worked in each of the 3 years. The hourly rate of pay is obtained from RETM as of PP 24 of the prior year. Annual schedule is calculated as follows: Annual Salary = [Hourly Rate x Total Hours Worked for Year] For U.S. Customs employees covered by COPRA, the Disability High-3 pay consists of prior year earnings including allowable overtime (not to exceed $15,000 in a fiscal year) averaged over a 3-year period prior to the statement date. |
Estimated Monthly Disability Pension |
Displays the employee's estimated monthly disability pension. Disability and survivor benefits payable are estimated using the Disability High-3. Creditable service is computed using the employee's Retirement SCD. Special or 6C service is computed using the employee's 6C Retirement SCD. FERS (Retirement Code ): If the employee's creditable service is less than 18 months, then no monthly disability pension is allowed. For employees with 18 months or more of creditable service, the monthly disability pension for the first year is computed as follows: If the employee is age 62 or older, determine monthly pension using FERS retirement formulas displayed in Appendix B: Regular Federal Employees Retirement System (FERS) (Retirement Coverage Code K). If the employee is less than 62 years of age:
FERS LEO/FF (Retirement Codes and ): Any appropriate AUO, availability pay, or standby pay received over the 3-year period was included in the Disability High-3. If the employee's past creditable service is less than 18 months, then no monthly disability pension is allowed. For employees with 18 months or more of creditable service, the monthly disability pension for the first year is computed as follows: If the employee does not have 25 years of special service and is not at least 50 years of age with 20 years of special service, see steps above for FERS employees. If the employee is at least 50 years of age with 20 or more years of special service, or has 25 years of special service at any age, the monthly pension is computed as follows: If the employee is age 62 or older, determine monthly pension using total creditable service up to the date of the statement and FERS special retirement formulas displayed in Appendix C: Federal Employees Retirement System (FERS) - Special Retirement (Retirement Coverage Code M), replacing Retirement High-3 with Disability High-3. If the employee is less than 62 years of age:
CSRS and CSRS-Offset (Retirement Codes , , and ): If the employee's past creditable service is less than 5 years, then no monthly disability pension is allowed. 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. This amount is limited to a maximum of [(Disability High-3 x 80%)/12]. If the employee is less than 60 years of age, the monthly annuity is computed as follows:
CSRS and CSRS-Offset LEO/FF (Retirement Codes , , and ). If the employee's past creditable service is less than 5 years, then no monthly disability pension is allowed. 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. If the employee is at least 50 years of age with 20 or more years of special service:
FSRDS and FSRDS-Offset (Retirement Codes and ): If the employee's past creditable service is less than 5 years, then no monthly disability is allowed. For employees with 5 or more years of creditable service, the monthly disability pension is computed as follows: If the employee is 60 or more years of age, the monthly annuity is computed as follows:
If the employee is less than 60 years of age, the monthly annuity is computed as follows:
FSPS (Retirement Code ): If the employee's past creditable service is less than 18 months, then no monthly disability pension is allowed. For employees with more than 18 months of creditable service, the monthly disability pension is computed as follows:
In the above calculations, the Years of Service is not prorated for part-time employees (Work Schedules , , , and ) as is done for Retirement Annuity estimates. |
Age at Old Age Benefits |
Displays the age at which Social Security disability benefits would be replaced by old age benefits. This is determined according to the following table. This field appears on the FERS, FSPS, and CSRS-Offset statements only (Retirement Code , , , , , , and ). |
The table below lists the Age at Old Age Benefits.
Birth Year |
Age (Years/Months) |
|---|---|
Up to 1937 |
63/00 |
1938 |
65/02 |
1939 |
65/04 |
1940 |
65/06 |
1941 |
65/08 |
1942 |
65/10 |
1943 to 1954 |
66/00 |
1955 |
66/02 |
1956 |
66/04 |
1957 |
66/06 |
1958 |
66/08 |
1959 |
66/10 |
1960 and later |
67/00 |
The following fields are displayed in the Benefits Under The Federal Employees Retirement System (FERS) section:
Field |
Description |
|---|---|
Additional Amount |
Displays the additional amount payable for the Basic Employee Death Benefit. For deaths after December 1, 2016, this amount is . If the employee does not have 18 months of civilian service, is displayed. This field appears on FERS and FSPS statements only (Retirement Codes , , , , and ). |
Spouse's Estimated Monthly Survivor Annuity |
Displays the estimated monthly annuity that the employee's eligible spouse may receive under survivor's income. This amount only applies to employees with 18 months or more of creditable service as of the statement date. FERS, FSPS, and FERS LEO/FF (Retirement Codes , , , , and ): The monthly survivor annuity is computed as follows:
CSRS and CSRS-Offset (Retirement Codes , , and ): The monthly survivor annuity is computed as follows:
CSRS and CSRS-Offset LEO/FF (Retirement Codes , , and ): 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. If the employee is at least 50 years of age with 20 or more years of special service,
In the above calculations, the Years of Service is not prorated for part-time employees (Work Schedules , , , and ). |
The following fields are displayed in the Social Security Benefits/Medicare Benefits section:
Field |
Description |
|---|---|
Current Year Bi-Weekly Employee Social Security (OASDI) Deductions |
Displays the employee's current year biweekly Social Security benefits. This amount is obtained from PAYE as of PP 01 of the current year. This field appears on FERS, FERS LEO/FF, FSPS, and CSRS-Offset statements only (Retirement Codes , , , , , and ). Manual payments and adjustments are not included in this amount. |
Current Year Bi-Weekly Employee Medicare (HIT) Deductions |
Displays the employee's current year biweekly deductions for Medicare benefits. This amount is obtained from PAYE as of PP 01 of the current year. Manual payments and adjustments are not included in this amount. |
Total Current Year Bi-Weekly Employee Social Security and Medicare Deductions |
Displays the total current year cost of the employee's Social Security and Medicare benefits. This field appears on FERS, FSPS, and CSRS-Offset statements only (Retirement Codes , , , , , , and ). Manual payments and adjustments are not included in this amount. |
Total Current Year Bi-Weekly Agency Social Security (OASDI) Costs |
Displays the Agency's current year biweekly cost for the employee's Social Security benefits. This amount is obtained from PAYE as of PP 01 of the current year. This field appears on FERS, FSPS, and CSRS-Offset statements only (Retirement Codes , , , , , , and ). Manual payments and adjustments are not included in this amount. |
Current Year Bi-Weekly Agency Medicare (HIT) Costs |
Displays the Agency's current year biweekly cost for the employee's Medicare benefits. This amount is obtained from PAYE as of PP 01 from the current year. Manual payments and adjustments are not included in this amount. |
Total Current Year Bi-Weekly Agency Social Security and Medicare Costs |
Displays the total current year biweekly cost to the Agency for the employee's Social Security and Medicare benefits. This amount is the sum of the biweekly cost to the employee and Agency. This field appears on FERS, FSPS, and CSRS-Offset statements only (Retirement Codes , , , , , , and ). Manual payments and adjustments are not included in this amount. |
Prior Year Annual Employee Deductions for Social Security (OASDI) |
Displays the employee's prior calendar year cost for Social Security benefits. This amount is obtained from PAYE as of the last pay period of the prior year. Because this is on a calendar year basis, not tax year, the amount may exceed the limit for some employees. This field appears on FERS, FSPS, and CSRS-Offset statements only (Retirement Codes , , , , , , and ). In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (), and a footnote will display stating . |
Prior Year Annual Employee Deductions for Medicare (HIT) |
Displays the employee's prior year cost for Medicare benefits. This amount is generated from PAYE as of the last pay period of the prior year. In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (********), and a footnote will display stating . |
Total Prior Year Employee Deductions for Social Security and Medicare |
Displays the employee's prior calendar year cost for Social Security and Medicare benefits. This amount is the sum of the employee and Agency costs. This field appears on FERS, FSPS, and CSRS-Offset statements only (Retirement Codes , , , , , , and ). In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (********), and a footnote will display stating . |
Prior Year Annual Cost to Agency for Social Security (OASDI) |
Displays the Agency prior calendar year cost for the employee's Social Security benefits. This amount is generated from PAYE as of the last pay period of the prior year. This field appears on FERS, FSPS, and CSRS-Offset statements only (Retirement Codes , , , , , , and ). In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (********), and a footnote will display stating . |
Prior Year Annual Cost to Agency for Medicare (HIT) |
Displays the Agency's prior calendar year cost for the employee's Medicare benefits. This amount is generated from PAYE as of the last pay period of the prior year. In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (********), and a footnote will display stating . |
Total Prior Year Cost to Agency for Social Security and Medicare |
Displays the total prior calendar year cost of the employee's Social Security and Medicare benefits. This amount is the sum of the employee and Agency costs. This field appears on FERS, FSPS, and CSRS-Offset statements only (Retirement Codes , , , , , and ). In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (********), and a footnote will display stating . |
Total Current Year Bi-weekly Cost for HIT/Medicare |
Displays the total current year biweekly cost of the employee's HIT/Medicare benefits. This amount is the sum of the employee and Agency costs. This field appears on CSRS, CSRS LEO/FF, and FSRDS statements only (Retirement Codes , , , and ). Manual payments and adjustments are not included in this amount. |
Total Prior Year Cost for HIT/Medicare |
Displays the total prior calendar year cost of the employee's HIT/Medicare benefits. This amount is the sum of employee and Agency costs. This field appears on CSRS, CSRS LEO/FF, and FSRDS statements only (Retirement Codes , , , and ). In cases where this amount is negative, usually due to adjustments, this field will contain asterisks (********), and a footnote will display stating . |
The following fields are displayed in the If You Leave The Federal Government Before You Retire section:
Field |
Description |
|---|---|
Annual Leave Balance, Prior Year |
Displays the employee's Annual Leave Current Balance hours displayed on IRIS Program IR136 as of the last pay period of the prior year. For U.S. Attorneys employees with special employment program code , this field displays the U.S. Attorneys Leave Frozen Annual Balance as displayed on IRIS Program IR136 as of the last pay period of the prior year. |
Value of Annual Leave Balance, Prior Year |
Displays the employee's Annual Leave Current Balance as displayed on IRIS Program IR136 as of the last pay period of the prior year. This field is computed as Annual Leave Current Balance multiplied by the employee's hourly rate of pay. For full-time employees, the hourly rate is determined by dividing the Adjusted-Salary by 2087. For part-time employees, the hourly rate is determined by dividing the full-time equivalent annual salary by 2087. The annual salary is not used in this case because it has already been prorated for a part-time tour-of-duty. For U.S. Customs employees covered by COPRA, this field is computed by dividing the adjusted salary as of PP 01 of the current year by 2087 (allowable overtime is not included). For U.S. Attorneys employees with special employee program code , this field shows the dollar value of the employee's US Attorney Leave Frozen Annual Balance as displayed on IRIS Program IR136 as of the last pay period of the prior year. The hourly rate used in computing the dollar value is US Attorney Leave Frozen Leave Rate as displayed on IRIS Program IR136. |
The following fields are displayed in the Other Benefits section:
Field |
Description |
|---|---|
Long Term Care Insurance Payroll Deduction |
Indicates whether or not an employee is participating in Long Term Care (LTC) Insurance. This field is displayed on IRIS Program IR116. If the plan code is , then the assumption is the employee is participating in LTC Insurance. If the employee is not participating in LTC Insurance, is displayed. |
Dental Plan Code |
Displays the employee's dental plan enrollment code as it appears on IRIS Program, IR115. |
Vision Plan Code |
Displays the employee's vision plan enrollment code as it appears on IRIS Program IR115. |
Flexible Spending - Healthcare |
Displays the employee's flexible spending plan code for healthcare as it appears on IRIS Program IR113, Flexfund. |
Flexible Spending - Dependent Care |
Displays the employee's flexible spending plan code for dependent care as it appears on IRIS Program, IR113. |
Current Year Bi-Weekly Cost for Dental |
Displays the biweekly amount paid by the employee for dental coverage as it appears on IRIS Program, IR115. |
Current Year Bi-Weekly Cost for Vision |
Displays the biweekly amount paid by the employee for vision coverage as it appears on IRIS Program, IR115. |
Current Year Bi-Weekly Cost for Flexible Spending - Healthcare |
Displays the biweekly amount paid by the employee for flexible spending - healthcare as it appears on IRIS Program, IR113. |
Current Year Bi-Weekly Cost for Flexible Spending - Dependent Care |
Displays the biweekly amount paid by the employee for flexible spending - dependent care as it appears on IRIS Program, IR113. |
The following fields are displayed on FDIC statements:
Field |
Description |
|---|---|
FDIC Basic Life Insurance |
Displays the amount payable under FDIC non-Federal Basic life insurance. This is computed as the employee's life insurance coverage amount multiplied by 1,000. This amount is subject to an $800,000 limit for pay plan employees and $300,000 limit for all others. |
FDIC Optional Employee Life Plan Option 1 - Employee |
Displays the amount payable under FDIC life insurance Option 1. This is computed as the employee's life insurance Option 1 Factor multiplied by the employee's adjusted basic salary rounded 1,000. If the employee has not elected Option 1, is displayed. This amount is subject to a $1,000,000 limit. |
FDIC Group Life Insurance - AD&D |
Displays the amount payable under FDIC Group life insurance for accidental death and dismemberment. This is computed as the employee's Life Insurance Coverage Amount multiplied by 1,000. |
FDIC Life Insurance Coverage Amount |
Displays the basic life insurance amount payable after retirement up to age 65 at death from any cause. The amount is equal to the Life Insurance Coverage Amount multiplied by 1,000. This amount is subject to a $300,000 limit. |
FDIC Life Insurance - Spouse and Family Optional Coverage |
Displays the amount payable for the death of the employee's spouse. Using the employee's Life Insurance Option 2 Factor and Life Insurance Option 3 Factor, this is determined according to the following table: |
The table below is used to compute the FDIC Life Insurance - Spouse and Family Optional Coverage amount payable for the death of the employee's spouse.
Life Insurance Option 2 Factor |
Life Insurance Option 3 Factor |
Amount Payable |
|---|---|---|
blank or zero |
blank or zero |
N/A |
blank or zero |
2000 |
$10,000 |
0500 |
blank or zero |
(Life Insurance Coverage Amount x 1000) /2 |
0500 |
greater than zero |
$10,000 + [(Life Insurance Coverage Amount x 1000)/2] |
1000 |
blank or zero |
(Life Insurance Coverage Amount x 1000) |
1000 |
greater than zero |
$10,000 + (Life Insurance Coverage Amount x 1000) (up to $300,000) |
The following fields are displayed in the Other Benefits section on FDIC statements:
Field |
Description |
|---|---|
FDIC Life Insurance - Spouse and Family Optional Coverage |
Displays the amount payable under FDIC Spouse and Family Optional life insurance for the death of the employee's child. This amount is determined according to the following table, using the employee's Life Insurance Option 3 Factor. |
The table below is used to compute the FDIC Life Insurance - Spouse and Family Optional Coverage amount payable for the death of the employee's child.
Life Insurance Option 3 Factor |
Amount Payable |
|---|---|
2000 |
$10,000 |
all others |
N/A |
See Also |