Two questions:
1. Is the new FERS withholding really 4.4%?
2. Can I get this $ back after leaving the gov?
Thanks!
FERS ?s
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Guest
Re: FERS ?s
I don't know what the new amount is...it had to be closer to 1% when I was in.
Yes, you can get it back. However, if you elect to get it back, you will lose that time toward vestment. I elected to leave the money in, so I have a year of credit toward my retirement if I join the government again.
Interest is paid if you have more than 1 year of service (I don't know what 1 year and 3 days counts as for me), but it's at a treasury rate, so it's pretty small.
Yes, you can get it back. However, if you elect to get it back, you will lose that time toward vestment. I elected to leave the money in, so I have a year of credit toward my retirement if I join the government again.
Interest is paid if you have more than 1 year of service (I don't know what 1 year and 3 days counts as for me), but it's at a treasury rate, so it's pretty small.