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Benefits Changes

2002/2001 COLA

2000/1999 COLA

1998/1997 COLA

Children's Rate

Military Deposits

FERS Death Benefit

FERS Retiree Annuity

FERS Withholding

Annual Social Security Rate Changes

Bend Points

Military Deposits

FERS Death Benefit

CSRS Employee Withholding

TSP Tax Deferral

 

2002 COLA

CSRS

FERS


2001 COLA

CSRS

FERS

Annuity began:
Dec 2000 or Earlier

2.6%

2.0%


Annuity began:
Dec 1999 or Earlier

3.5%

2.5%

Jan    2001

2.5%

1.8%


Jan    2000

3.2%

2.3%

Feb    2001

2.2%

1.7%


Feb    2000

2.9%

2.1%

Mar    2001

2.0%

1.5%


Mar    2000

2.6%

1.9%

Apr    2001

1.7%

1.3%


Apr    2000

2.3%

1.7%

May   2001

1.5%

1.2%


May   2000

2.0%

1.5%

Jun     2001

1.3%

1.0%


Jun     2000

1.8%

1.3%

Jul      2001

1.1%

0.8%


Jul      2000

1.5%

1.0%

Aug    2001

0.9%

0.7%


Aug    2000

1.2%

0.8%

Sep     2001

0.7%

0.5%


Sep     2000

0.9%

0.6%

Oct     2001

0.4%

0.3%


Oct     2000

0.6%

0.4%

Nov    2001

0.2%

0.2%


Nov    2000

0.3%

0.2%

 

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2000 COLA

CSRS

FERS


1999 COLA

CSRS

FERS

Annuity began:
Dec 1998 or Earlier

2.4%

2.0%


Annuity began:
Dec 1997 or Earlier

1.3%

1.3%

Jan     1999

2.2%

1.8%


Jan    1998

1.2%

1.2%

Feb   1999

2.0%

1.7%


Feb   1998

1.1%

1.1%

Mar   1999

1.8%

1.5%


Mar   1998

1.0%

1.0%

Apr   1999

1.6%

1.3%


Apr   1998

0.9%

0.9%

May  1999

1.4%

1.2%


May  1998

0.8%

0.8%

Jun    1999

1.2%

1.0%


Jun    1998

0.7%

0.7%

Jul     1999

1.0%

0.8%


Jul     1998

0.5%

0.5%

Aug   1999

0.8%

0.7%


Aug   1998

0.4%

0.4%

Sep   1999

0.6%

0.5%


Sep   1998

0.3%

0.3%

Oct   1999

0.4%

0.3%


Oct   1998

0.2%

0.2%

Nov  1999

0.2%

0.2%


Nov  1998

0.1%

0.1%

 

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1998 COLA

CSRS

FERS


1997 COLA

CSRS

FERS

Annuity began:
Dec 1996 or Earlier

2.9

2.0%


Annuity began:
Dec 1995 or Earlier

2.1%

2.0%

Jan    1997

2.7%

1.8%


Jan    1996

1.9%

1.8%

Feb   1997

2.4%

1.7%


Feb   1996

1.8%

1.7%

Mar   1997

2.2%

1.5%


Mar   1996

1.6%

1.5%

Apr   1997

1.9%

1.3%


Apr   1996

1.4%

1.3%

May  1997

1.7%

1.2%


May  1996

1.2%

1.2%

Jun    1997

1.5%

1.0%


Jun    1996

1.1%

1.0%

Jul     1997

1.2%

0.8%


Jul     1996

0.9%

0.8%

Aug   1997

1.0%

0.7%


Aug   1996

0.7%

0.7%

Sep   1997

0.7%

0.5%


Sep   1996

0.5%

0.5%

Oct   1997

0.5%

0.3%


Oct   1996

0.4%

0.3%

Nov  1997

0.2%

0.2%


Nov  1996

0.2%

0.2%

 

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Children's Rate

One Living Parent Married to Employee or Retiree

Per Child

Maximum (Divided by Number of Children)

1997

$336.00

$1,008.00

1998

$343.00

$1,029.00

1999

$348.00

$1,044.00

2000

$356.00

$1,069.00

2001

$369.00

$1,107.00

2002

$378.00

$1,134.00

2003

$384.00

$1,152.00

No Living Parent Married to Employee or Retiree

Per Child

Maximum(Divided by Number of Children)

1997

$403.00

$1,209.00

1998

$411.00

$1,233.00

1999

$418.00

$1,254.00

2000

$428.00

$1,284.00

2001

$442.00

$1,326.00

2002

$453.00

$1,359.00

2003

$461.00

$1,383.00

 

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** Temporary Increases for Military Deposits


1999

2000

2001

CSRS

7.25

7.40

7.0

FERS

3.25

3.40

3.0

** Employees who want to pay the deposit for military service that they performed during any of these years need to request that the military pay center provide year by year earnings so that the deposit can be computed correctly.

 

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Year

FERS Basic Employee Death Benefit

Interest rate for all deposits/refunds under FERS and for CSRS Employees who transfer to FERS - redeposits after 9/30/82, deposits after 9/30/82, post 56 Miliatary Deposits and voluntary contributions

1997

$21,335.30

6.875%

1998

$21,783.34

6.75%

1999

$22,066.52

5.75%

2000

$22,596.12

5.875%

2001

$23,386.98

6.375%

2002

$24,018.48

5.5%

2003

$24,354.74

5.0%

 

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Year

FERS Retiree Annuity
Supplement
Earnings Limit

1997

$8,640.00

1998

$9,120.00

1999

$9,600.00

2000

$10,080.00

2001

$10,680.00

2002

$11,280.00

2003

$11,520.00

 

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FERS Employee Withholding Rates


1999

2000

2001

Military Reserve Technicians

1.05

1.20

0.8

Air Traffic Controllers

1.55

1.70

1.30

Law Enforcement Officers/Firefighters

1.55

1.70

1.30

All Other Regular Employees

1.05

1.20

0.8

 

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Annual Social Security Rate Changes

Year

Social Security
Maximum
Wage Base

Average Total
Wages

1997

$65,400.00

$27,426.00

1998

$68,400.00

$28,861.44

1999

$72,600.00

$30,469.84

2000

$76,200.00

$32,154.82

2001

$80,400.00

32,921.92

2002

$84,900.00

--

2003

$87,000.00

--

 

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Bend Points

1997

$455.00

$2,741.00

1998

$477.00

$2,875.00

1999

$505.00

$3,043.00

2000

$531.00

$3,202.00

2001

$561.00

$3,381.00

2002

$592.00

$3,381.00

2003

$606.00

$3,653.00

 

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Temporary Increase in Employee Retirement Deductions for 1999 and 2000
CSRS Employee Withholding Rates

Category

Percentage of Basic Pay (%)

 

1999

2000

2001

Regular

7.25

7.40

7.0

Regular Offset

1.05

1.20

0.80

Law Enforcement Officers/Firefighters

7.75

7.90

7.50

Law Enforcement Officers/Firefighters Offset

1.55

1.70

1.30

Air Traffic Controllers

7.25

7.40

7.0

Air Traffic Controllers Offset

1.05

1.20

0.80

 

TSP Tax Deferral Limit

1997

$9,500.00

1998

$10,000.00

1999

$10,000.00

2000

$10,500.00

2001

$10,500.00

2002

$11,000.00

2003

$12,000.00

 

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