Page 1 of 1
FERS ?s
Posted: Mon Mar 09, 2015 8:49 pm
by Guest
Two questions:
1. Is the new FERS withholding really 4.4%?
2. Can I get this $ back after leaving the gov?
Thanks!
Re: FERS ?s
Posted: Wed Mar 11, 2015 6:53 pm
by Guest
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.