Aug 19, 2019 · In general, FERS employees hired after December 31, 2013, are considered FERS Further Revised Annuity Employees (FERS FRAE). FRAEs pay 4.4% into the federal retirement system instead of the .8% of a regular FERS.

Nov 3, 2022 · Those letters translate as Federal Employee Retirement System (FERS) Further Revised Annuity Employees (FRAE). FERS FRAE employees have 4.4 percent deducted from their base pay to cover their...

Apr 7, 2014 · The alphabet soup of government acronyms got a couple new ingredients over the past year and a half: the FERS (Federal Employees Retirement System) was joined by FERS-RAE in January 2013 and by FERS-FRAE in January 2014. What are these new acronyms and what changes do they indicate?

Employees (FRAE) Purpose: The purpose of this Benefits Administration Letter (BAL) is to provide interim guidance concerning employees and Members of Congress who will be covered under the Federal Employees Retirement System (FERS) as Further Revised Annuity Employees (FRAE), FERS-FRAE. This guidance only applies to automatic FERS coverage

FERS is a retirement plan that provides benefits from three different sources: a Basic Benefit Plan, Social Security and the Thrift Savings Plan (TSP). Two of the three parts of FERS (Social Security and the TSP) can go with you to your next job if you leave the Federal Government before retirement.

Deferred Retirement – Former Federal employees who were covered by the FERS may be eligible for a deferred annuity at age 62 or the Minimum Retirement Age. Phased Retirement – In Phased Retirement status the retiring employee works on a part-time basis for a limited period.

Aug 18, 2023 · Called “FERS-Revised Annuity Employees,” or “FERS-RAE,” these individuals are still generally considered part of the same pension system.

The meaning of FRAE is from.

Jan 24, 2025 · FERS is a retirement plan that provides benefits from three different sources: a Basic Benefit Plan, Social Security and the Thrift Savings Plan (TSP). Two of the three parts of FERS (Social Security and the TSP) can go with you to your next job if you leave the Federal Government before retirement.

As a new federal employee, you are covered by the Federal Employees Retirement System (FERS)-Further Revised Annuity Employees (FRAE) plan. FERS-FRAE is a defined benefit plan that provides a future annuity based on your years of …