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To: PugetSoundSoldier

If the top federal earner is in the Civil Service Retirement System (CSRS), he/she does not pay FICA element for Social Security.

Of course, he/she does not get Social Security unless he/she has worked elsewhere & then his/her benefits are calculated using a formula that reduces the benefit up to about 50%.

For 2009, CSRS employees will receive a 5.8% increase in their retirement pay. Federal Employee Retirement System (FERS) retired employees will get a 4.8% increase - they payed into Social Security, so they get that, too. I believe the Social Security increase for 2009 is 6.9%.


74 posted on 11/11/2008 2:35:09 PM PST by NutmegDevil
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To: NutmegDevil
I believe you are right. “ For 2009, CSRS employees will receive a 5.8% increase in their retirement pay “
I have also believe the U.S. Military retirement and Disability pay is also going up by 5.8%. But I also heard S/S was also going to go up by 5.8%. The real laborers in Civil Service(WG,WS,WL)(that includes me) employees will have to wait until around April 2009 to find out what percentage they will get.Due to union bargaining agreement.
83 posted on 11/11/2008 3:57:51 PM PST by Colorado Cowgirl (God bless America!)
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