RETIRE 21-01, Increase in Agency Retirement Contribution Percentages

Published: October 19, 2021
Effective: Pay Period 21, 2021

Summary

Effective Pay Period 21, 2021, the percentages of Agency contribution rates for the Federal Employee Retirement System (FERS), FERS-Revised Annuity Employees (FERS-RAE), and FERS-Further Revised Annuity Employees (FERS-FRAE) are increasing as detailed in the Office of Personnel Management's (OPM) Benefits Administration Letter (BAL) 21-304.

No action on the part of the employee or the personnel office is necessary.

Implementation

The table below lists the retirement code, retirement plan, and the new Agency contribution amount.

Code

Retirement Plan

Percentage

K

FERS and Federal Insurance Contributions Act (FICA)

18.4

L

FERS and FICA - Air Traffic Controller

37.5

M

FERS and FICA - Special

37.6

N

FERS and FICA - Reserve Tech

21.1

O

Customs and Border Protection Officers

37.6

None

FERS and FICA Capitol Police

37.6

None

FERS-RAE and FICA Congressional Employee

16.6

None

FERS-FRAE and FICA Congressional Employee

16.6

KF

FERS and FICA

16.6

KR

FERS and FICA

16.6

LF

FERS and FICA - Air Traffic Controller

35.8

LR

FERS and FICA - Air Traffic Controller

35.8

MF

FERS and FICA - Special

35.8

MR

FERS and FICA - Special

35.8

NF

FERS and FICA - Reserve Tech

19.3

NR

FERS and FICA - Reserve Tech

19.3

OR

FERS-RAE and FICA Special - Customs and Border Protection Officers

35.8

OF

FERS-FRAE - Customs and Border Protection Officers

35.8

None

FERS-RAE and FICA Capitol Police

35.8

None

FERS-FRAE and FICA Capitol Police

35.8

Inquiries

If you have any questions regarding this notification, please contact the National Finance Center's Retirement Processing Section at rps@usda.gov or submit a request via ServiceNow.