REPT 18-01, Personal Benefits Statement

REPT 18-01, Personal Benefits Statement

Published: March 15, 2018
Effective: Pay Period 06, 2018

Summary

The 2017 Personal Benefits Statement, referred to herein as the Benefits Statement, will be available electronically in April 2018. The employee's human resources (HR) representative will be able to access the Benefits Statement (under the Financial Reports menu) via the Reporting Center. Current Reporting Center users will have access to this report. No additional security access request is necessary. The Benefits Statement is also available on the Employee Personal Page (EPP). The EPP procedure is available in the Research and Inquiry (INQUIRY) category. Information on procedure manuals containing Benefits Statement information is available in the Resources section of this bulletin.

The employee's Thrift Savings Plan (TSP) balances based on the TSP Record Layout are provided by the Thrift Savings Plan System (TSPS) contractor.

About the Benefits Statement

The Benefits Statement is the annual notification of employee compensation and fringe benefits. The Benefits Statement provides employees with an estimate of their benefits relating to their current position. For employees who are retirement eligible, we suggest they contact their personnel office for a more comprehensive review of their retirement options.

The Benefits Statement describes the estimated:

The Benefits Statement also states when an employee will be eligible for Social Security and/or Medicare benefits and directs the employee to Social Security benefits/Medicare benefits for the explanation.

Who Will Receive the Benefits Statement

The Benefits Statement will be available for each employee who is eligible for retirement benefits and is covered by one of the retirement coverage codes listed below.

Code

Description

C

Civil Service Retirement System (CSRS) Offset

D

CSRS Offset (Congressional) Federal Insurance Contributions Act (FICA)

E

FICA and CSRS - For law enforcement and firefighter personnel

G

FICA and Foreign Service Retirement and Disability System (FSRDS)

I

Federal Employees Retirement System (FERS) (Congressional) FICA

IF

Foreign Service Pension System (FSPS) (Further Revised Annuity Employees) (FRAE)) - (Congressional)

IR

FERS-RAE (Revised Annuity Employees) (Congressional) (pending Office of Personnel Management (OPM) approval)

K

FERS and FICA

KF

FERS (FRAE)

KR

FERS-RAE and FICA

M

FERS and FICA - Special

MF

FERS (FRAE) - Special

MR

FERS-RAE and FICA - Special

O

Customs and Border Protection Officers (CBPO) FERS Enhanced

OF

FERS (FRAE) CBPO

OR

FERS-RAE and FICA - Special (CBPO)

P

FSPS and FICA

PF

FSPS (FRAE)

PR

FSPS-RAE and FICA

Q

CBPO CSRS Offset

R

FICA and CSRS (Full)

T

FICA and CSRS - Special (Full) - For law enforcement and firefighter personnel

0

CBPO Enhanced CSRS

1

CSRS

3

FSRDS

6

CSRS - Special - For law enforcement and firefighter personnel

7

CSRS (Congressional)

Each part-time employee, with one of the retirement plans listed above and one of the following work schedules, will receive a Benefits Statement for his/her applicable retirement plan:

Code

Description

P

Part-time

Q

Part-time seasonal

S

Part-time job sharer

T

Part-time seasonal job sharer

Who Will Not Receive the Benefits Statement

Some employees may not receive the Benefits Statement for the following reasons:

At the Agency's request, the 2017 Benefits Statement will not be created for employees of the following Agencies:

Also, the 2017 Benefits Statement will not be created for employees with the following work schedule codes:

Code

Description

I

Intermittent

J

Intermittent seasonal

FERS Death Benefits

The FERS death benefits additional amount payable remains $32,423.56 in 2017. The Payroll/Personnel Output (PPO) procedure, which is available online at the NFC Home Page, will be updated to include this information.

Resources

View Bulletin INQUIRY 18-01, Personal Benefits Statement for impact to EPP.

For more information, see the Reporting Center and PPO procedure manuals located under the Reporting publication category on the Publications page of the NFC Web site. The Benefits Statement is also available in the EPP procedure manual located under the Research and Inquiry category on NFC's Web site.

Inquiries

Employee inquiries about the Benefits Statement should be handled by the employee's HR office. For questions about NFC processing, authorized Servicing Personnel Office representatives should contact the NFC Contact Center at 1-855-NFC-4GOV (1-855-632-4468) or via the customer service portal.