REPT 20-02, Personal Benefits Statement

Published: April 8, 2020
Effective: Pay Period 06, 2020

Summary

The 2019 Personal Benefits Statement, referred to herein as the Benefits Statement, is now available electronically. The employee's human resources (HR) representative is able to access the Benefits Statement (under the Financial Reports menu) via the Reporting Center (RPCT). Current RPCT users will have access to this report. No additional security access request is necessary.

About the Benefits Statement

The Benefits Statement is the annual notification of employee compensation and fringe benefits which 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 value of benefits available to an employee or his/her survivors in the event of voluntary retirement, disability, or death in service. It also includes estimated annuity benefits and account balances from the employee's Thrift Saving Plan (TSP) account. The employee's TSP information is obtained from the TSP Record Layout provided by the Thrift Savings Plan System (TSPS) contractor. The Benefits Statement specifies 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)
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)

Part-time employees covered by one of the eligible retirement codes (listed above) must also be covered by one of the work schedules listed below.

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 will not receive the Benefits Statement for the following reasons:

The employee's retirement coverage code is not displayed on the above list.
The employee is intermittent/seasonal (e.g., other than work schedule P, Q, S, or T).
The employee's 6C Retirement Date identifies the service computation date for employees appointed to law enforcement and firefighter positions or Customs and Border Protection offices. This entails that a special retirement deduction rate (Retirement Coverage Code 0, 6, E, M, O, Q, or T) in the Information/Research Inquiry System (IRIS) Program IR102, Dates & Misc Sal/Pers Data, is invalid. Invalid means that the 6C Retirement Date is earlier than the retirement service computation date or is later than the Benefits Statement date.
The employee is not eligible for retirement benefits.
The employee was separated in Pay Period 26 of the prior year or Pay Period 01 of the current year.
The employee is a Federal Deposit Insurance Corporation (FDIC) annuitant with FERS annuitant indicator A or G or CSRS annuitant indicator 1 or 6.
The employee is an FDIC annuitant in Pay Plan EX.
The employee's Agency has elected not to issue the Benefits Statement. These Agencies are:
- Architect of the Capitol
- Commission on Security and Cooperation in Europe
- Congressional Budget Office
- Consumer Financial Protection Bureau
- Office of the Comptroller of the Currency
- Smithsonian Institution (Trust)
- Treasury Technical Assistance
- U.S. Botanic Garden
- U.S. Capitol Police
- U.S. Senate Restaurants

FERS Death Benefits

The FERS death benefits additional amount payable remained $32,423.56 in 2019.

TSP Annuity Interest Rate Index

The TSP Annuity Interest Rate Index has changed to 1.750%.

Resources

View Bulletin INQUIRY 20-03, Personal Benefits Statement, for impact to EPP.

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

Inquiries

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.