Transcription of Federal Employees’ Retirement System Act of 1986
{{id}} {{{paragraph}}}
Example: dental hygienist
Federal Employees’ Retirement System Act of 1986
Federal Employees Retirement System Act of 1986 by Wilmer L. Kerns* In June, President Reagan signed the Federal Employees Re- tirement System Act of 1986 (Public Law 99-335), which estab- lishes the Federal Employees Retirement System (FERS) for em- ployees hired after December 31, 1983. The program, which goes into effect on January 1, 1987, features a defined benefit retire- ment plan to augment mandatory coverage under social security. It also permits FERS participants to contribute up to 10 percent of their earnings, on a tax-deferred basis, to a thrift savings plan, with partial matching by the Government. This article describes the provisions of the new System , including survivor annuities and disability benefits.
On June 6, 1986, Rresident Reagan signed the Federal Employees’ Retirement System, Act of 1986 (Public Law 99-335). The legislation establishes the Federal Employ- ees’ Retirement System (FERS) for employees hired after December 31, 1983, and for whom, generally, coverage is mandatory under social security.
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document:
Related search queries
Retirement Federal Employees, Retirement, Federal Employees Retirement System, Retirement Under the Federal Employees Retirement System, Under the Federal Employees, Under the Federal Employees Retirement System, Under, Federal, Applying for Immediate Retirement Under the Federal, Retirement System, Employees, Federal Employees Retirement, System, USDA, Federal retirement, The Federal Employees Retirement System, The Federal Employees, Public Employees’ Retirement System