Saturday, November 14, 2009

Federal Employees’ Retirement System: Legislation Enacted in the 111th Congress
"... On October 28, 2009, President Obama signed into law H.R. 2647, the National Defense
Authorization Act for Fiscal Year 2010 (P.L. 111-84). Title XI and Title XIX of P.L. 111-
84 contain provisions that affect the Civil Service Retirement System (CSRS) and the
Federal Employees’ Retirement System (FERS). P.L. 111-84:
• allows federal agencies to appoint individuals receiving annuities under CSRS or
FERS to temporary, part-time positions within the federal government without
reducing the individual’s salary by the amount of the annuity, as is usually
required under title 5 of the United States Code.
• requires the computation of an annuity under the Federal Employees’ Retirement
System to include an employee’s unused sick leave in his or her length of service;
• allows certain redeposits to the Civil Service Retirement System for periods of
service between October 1990 and February 1991 to exclude interest payments;
• requires CSRS annuities for employees whose careers include part-time service
to be computed under the same rules that apply to part-time annuities under
FERS;
• allows former employees who withdrew contributions to the FERS at the time of
separation from federal service to redeposit those contributions, plus interest, to
the FERS in the event that they are re-employed by the federal government; and
• allows certain service performed as an employee of the District of Columbia to
be credited as federal service for purposes of determining retirement benefits."

No comments: