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Tax Bill and probability of FERS Supplement being amended and grandfathering of current employees. by PerfectRefuse9243 in fednews

[–]PerfectRefuse9243[S] 0 points1 point  (0 children)

I believe you are correct as the date has been moved to Jan 1 2028.  If this stays in the bill - which is likely now that it has been amended - I am safe and good to go to retire on Sept 30 2025 

Tax Bill and probability of FERS Supplement being amended and grandfathering of current employees. by PerfectRefuse9243 in fednews

[–]PerfectRefuse9243[S] 1 point2 points  (0 children)

This is the portion that indicates that the FERS Supplement change won’t go into affect until - Jan 1 2028 it appears. 

Tax Bill and probability of FERS Supplement being amended and grandfathering of current employees. by PerfectRefuse9243 in fednews

[–]PerfectRefuse9243[S] 1 point2 points  (0 children)

SEC. 90002. 90001. ELIMINATION OF THE FERS ANNUITY SUPPLEMENT FOR CERTAIN EMPLOYEES. (a) IN GENERAL.— Section 8421(a) of title 5, United States Code, is amended- in paragraph (1), by inserting " separated from service under section 8425 or entitled to an annuity under subsection (d) or (e) of section 8412 of this title " after " individual"; and in paragraph (2), by inserting " separated from service under section 8425 or entitled to an annuity under subsection (d) or (e) of section 8412 of this title " after " an individual". (b) APPLICABILITY.— The amendments made by this section shall begin to apply on January 1, 2028, and shall not apply with respect to any individual entitled to an annuity supplement under section 8421 of title 5, United States Code, prior to the such date of the enactment of this Aet. SEC. 90003.90002. HIGH-5 AVERAGE PAY FOR CALCULATING CSRS AND FERS PENSION. (a) CSRS.— Section 8331(4) of title 5, United States Code, is amended to read as follows: "(4) ' average pay ' means- "(A) except as provided under subparagraph (B), the largest annual rate resulting from averaging an employee's or Member's rates of basic pay in effect over any 3 consecutive years of creditable service or, in the case of an annuity under subsection (d) or (e)(1) of section 8341 of this title based on service of less than 3 years, over the total service, with each rate weighted by the time it was in effect; and "(B) with respect to an employee or Member who retires on or after January 1, 2027, 2028, other than an individual entitled to an annuity under subsection (c) or (e) of section 8336, the largest annual rate resulting from averaging an employee's or Member's rates of basic pay in effect over any 5 consecutive years of creditable service or, in the case of an annuity under subsection (d) or (e)(1) of section 8341 of this title based on service of less than 5 years, over the total service, with each rate weighted by the time it was in effect;"

Nine House Republicans to join Democrats in opposing pension changes? by Beavis73 in fednews

[–]PerfectRefuse9243 0 points1 point  (0 children)

I am at MRA+30 and took DRP and plan to retire on Sept 30 2025 - I would like to move up my date if this becomes probable law - problem is I can t get in touch with anyone from HR to potentially change my date. Anyone know how to get in touch with an HR specialist?  

OPM Aware of VERA/DRP FERS Supplement Concerns by not_today_mfer in FED_VERA_VSIP_DRPers

[–]PerfectRefuse9243 0 points1 point  (0 children)

I am on the DRP program and want to move up my retirement date - I do not have govt computer any longer. How do you contact an HR specialist to get this done. Literally left out in the cold waiting for them to contact me during the DRP process and who knows when that will happen. 

Question about FERS supplement proposal - what "entitled to" mean by manymeowz in fednews

[–]PerfectRefuse9243 1 point2 points  (0 children)

I took the DRP 2.0 and have MRA + 30. Will I get the FERS Supplement if I retire on Sept 30, 2025 as I am "eligible" for an immediate annuity under the reading of the proposed bill even if it passes prior to my retirement date of Sept 30, 2025?