Atlanta Region Benefits Information
Pension Plan
Newly appointed employees are covered by the Federal Employees Retirement System (FERS). This is a contributory three-tier plan providing retirement income from a Federal pension, Social Security and a Thrift Savings Plan (TSP). The first two components are defined benefit plans. The FERS retirement contributions, which currently equal .8% of your basic pay, and the Social Security (FICA) tax contributions, is equal to 6.2% of your basic pay, are automatically deducted from your bi-weekly pay.
The third component, the TSP, is a voluntary defined contribution plan. This means an employee's benefits depend upon the amount of their contributions. Participation is voluntary, but TSP is a very important part of your retirement under FERS. In order to have a comprehensive retirement plan TSP must be considered as a major factor under FERS.
In addition to a future retirement benefit, FERS provides disability coverage and survivor benefits.
If you were employed by the Federal government in the past, you may be covered by the Civil Service Retirement System (CSRS) or the CSRS Offset system instead of FERS.
Thrift Savings Plan (TSP)
The TSP is a retirement savings and investment plan for Federal employees. The TSP is a defined contribution plan similar to the 401K plan offered in the private sector. Contributions are made by payroll deduction.
The TSP is administered by the Federal Retirement Thrift Investment Board and the U. S. Department of Agriculture’s National Finance Center (NFC) serves as the TSP record keeper.
For CSRS employees the TSP is a source of retirement income in addition to the regular CSRS annuity.
For FERS employees the TSP is one part of the three parts of the retirement package, along with the FERS Basic Annuity and Social Security. The money that is saved and earned through the TSP account will provide an important source of retirement income.
FERS employees may begin contributing to the TSP when first hired by the Federal Government. Once eligible, employees will receive Agency Contributions and Agency Automatic (1%) Contributions in the TSP account.
FERS employees are vested in an automatic 1-percent contribution made by the agency after 3 years.
Employees are allowed to contribute up to the IRS elective deferral limit each year.
Federal income taxes are deferred on all contributions to the TSP account. To learn more about this important feature, see “Tax Advantages of the TSP.”
Group Health Benefits Program
The Federal Employee’s Health Benefits (FEHB) insurance program is available to employees and their families for protection against the cost of illness and accident. Employees may select from a variety of plans, including fee-for-service, health maintenance organizations, and point-of-service plans based on the employee’s geographic location. The cost depends on the plan selected. The government pays a portion of the cost for health benefits premiums, usually about 70%. The premiums are deducted from the employee’s bi-weekly pay.
Annual Open Seasons are conducted each year which allow employees an opportunity to elect or make changes in their current coverage.
Group Life Insurance
Employees may purchase group life insurance to provided life and accidental death and dismemberment coverage. Most Federal Employees, including part-time employees, are eligible for participation in the Federal employee’s Group Life Insurance (FEGLI) Program. Participation in the program is entirely voluntary.
The Federal employee’s Group Life Insurance Program offers group rates, and the convenience of payroll deductions.
FEGLI is group term insurance. It does not have any cash or paid-up value.
The Government pays one-third of the cost of your Basic life insurance.
The FEGLI Program offers Basic coverage and several options:
Basic coverage: Equal to the employee’s salary rounded up to the next even thousand, plus two thousand dollars, and
Three types of Optional insurance:
- Option A – Standard, in the amount of $10,000;
- Option B – Additional, in an amount from one to five times the annual rate of basic pay after rounding the salary up to the next even $1,000;
- Option C – Family, one to five multiples of coverage for a spouse and all eligible children. Each multiple is equal to $5,000 in the death of a spouse and $2,500 in the death of an eligible child.
Injury Compensation Plan
The Federal employee’s Compensation Act (FECA) provides pay, medical care and assistance, including vocational rehabilitation and reemployment rights if an employee sustains a disabling injury while in the performance of official duties.
Pay
For most SSA jobs, employees are paid according to the General Schedule
(GS) classification pay system.
- Salary Increases: Under the GS classification pay system, you are
eligible to receive within-grade increases until you reach the highest
step of your grade provided your performance is at the successful level
and you have completed the required waiting period.
- Payroll Deductions: Deductions are made for Federal income tax, State
and Local income taxes in some areas, Medicare and Social Security and/or
retirement. You may also authorize deductions for life insurance, health
benefits, Savings Bonds and the Combined Federal Campaign.
- Direct Deposit of Salary Payments: The payroll office will send your
salary directly to a bank or other financial institution for deposit
in your checking and/or savings accounts.
- Payday: Every other Tuesday is designated as payday for SSA employees.
Your salary payment will cover a 2-week pay period ending 10 days before
payday. Employees can use Employee Express to view and print their Leave and Earnings Statements which show gross and net salary as well as the amount taken out for each payroll deduction.
Work Schedule
Generally employees work a full-time schedule of 5 days a week, 8 hours
a day. However, some employees work a part-time schedule from 16 to 32
hours a week.
- Alternative Work Schedule: Some SSA offices have alternatives to a
fixed work schedule. These alternatives take two forms, with some variations
- flextime with credit hours and compressed work schedules:
- Flextime refers to a variety of arrangements in which fixed times
of arrival and departure are replaced by a working day composed of two
different types of time - core time and flexible time. Core time is
the designated period during which all employees must be present. Flexible
time is designated as part of the schedule of working hours within which
employees may choose their time of arrival and departure from the work
site.
- Flextime with Credit Hours allows employees to work additional time
after completing their normal workday provided they have advance approval
from their supervisor. The additional time will be accrued for employees
to use sometime in the future.
- Compressed Work Schedule allows employees to work eight 9-hour days,
one 8-hour day and take one day off in a biweekly pay period or work
four 10-hour days each week of the biweekly pay period.
Holidays
The Federal Government observes ten legal holidays.
Leave
Approved absence from work in the Federal government is called leave.
All leave must be requested in 15-minute increments and approved by your
supervisor. There are several types of leave:
- Annual Leave: Used to take time off for rest and relaxation. Leave
is earned as follows:
Years of Federal Service |
Annual Leave Accumulated |
Less than 3 |
13 days a year |
3 through 15 |
20 days a year |
15 or more |
26 days a year |
- Sick Leave: Used for the following reasons:
- Illness;
- Receiving medical, dental, or optical examinations;
- Presenting a health threat due to exposure to communicable disease;
or
- Involvement in adoption-related activities.
A limited amount of sick leave may be used to provide care for family
members or for death of a family member. You earn 13 days of sick leave
year and it may accumulate without limit.
Training
On-the-job training is provided SSA-wide. It covers needed knowledge
and skills; i.e., clerical, technical professional, managerial, etc.,
in accordance with established management priorities and availability
of funds.
Awards
You are eligible for honorary and monetary awards that are granted to recognize superior accomplishments.
Counseling Services
Depending on where you work, counseling services are provided to assist
employees with their career-related concerns and personal financial situations.
The Employee Assistance Program also provides direct counseling and referral,
management consultation, supervisory training, employee education and
outreach.
Child and Elder Care Services
Depending on your work location, childcare services may be available
to meet the needs of working parents at SSA. ChildCare Centers are designed
with children in mind and equipped with child-size furniture and facilities
along with carefully selected playthings.
Elder Care services are provided to help employees recognize that they
may be now or may become caregivers in the future and acquaints them with
the many issues involved in care giving. It puts employees in touch with
a wide variety of community resources and services that can help them
meet the needs of their elderly loved one.
Fitness/Wellness Centers
Depending on your work location, a fitness/wellness center may be available
to assist employees in maintaining and improving their overall health.
It emphasizes health education and encourages employees to develop positive
health attitudes and personal lifestyle changes that can prevent future
health problems.
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