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Welcome to your federal retirement annuity I'm Dave Johnston with OPM this is an overview of the annuity benefits available to civilian federal employees who retire under the two most common retirement systems the Civil Service Retirement System known as sirs and the Federal Employees Retirement System known as FEES this information is current as of March 2017 the federal government has several retirement systems for its employees today well cover the most common ones the Civil Service Retirement System sirs serves offset which includes Social Security benefits and the Federal Employees Retirement System FEES as we go forward information about sirs will be flagged with the color red information about FEES will be flagged with the color light blue and information that applies to both SEES and FEES will be flagged with the color purple, but before we go any further it's important to find out which one is your retirement system you can ask your employing agencies Human Resources office, or you can look at block 30 on your most recent sf50 notification of personnel action here's what your sf50 notification of personnel action will look like you may be able to download your most recent one from your electronic official personnel folder EEO PF or from your agencies internal Human Resources portal follow the arrow to block 30 it shows the civilian retirement system where deductions from your pay are currently going these are the most common codes you might find in block 30 of your form make a note of the code in your block 30 you'll need this information to find out what parts of today's guidance apply to you for most people you will see code k indicating that you are paying into the FEES retirement if you're in a retirement system that were not covering today such as the foreign service retirement and disability system contact your employing agencies Human Resources office for guidance if after today's presentation you believe you've been placed in the wrong retirement system you may be able to apply for relief under the federal erroneous retirement coverage Corrections Act or Burka contact your employing agencies Human Resources office for assistance the federal governments the oldest Retirement System is the Civil Service Retirement System sirs which was established in 1920 sirs is a defined benefit retirement system meaning it provides a specific monthly annuity based on your salary years of service and age it's also a contributory retirement system meaning employees pay into it most employees pay 7 of their income and their agency matches 7 special laws allow some employees such as law enforcement officers and firefighters to pay more 75 and get an enhanced annuity benefit most serves employees who started service before 1984 do not pay into or receive Social Security Service employees also have the option of paying into a voluntary contribution account to make their future annuity larger contact your agencies Human Resources office if you're a...
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