Under the Middle Class Tax Relief and Job Creation Act of 2012, feds hired after Dec. 30, 2012 and those with less than five years of previous federal service, will have to pay 2.3 percent more of their salaries toward their defined benefit pensions.
The Office of Management and Budget refers to these future feds as revised annuity employees (RAE). The chart below details the RAE and agency contributions. OMB released the chart as part of the OMB’s A-11 budget guidance for agencies’ fiscal 2014 budget requests.
Francis Rose is the host of In Depth, which airs weekdays from 4-7 p.m. on 1500 AM in the Washington, DC metro area and online everywhere. Francis has covered all three branches of the federal government as a broadcast journalist since 1998. He joined Federal News Radio in 2006, and launched In Depth in 2008 as a daily show focused on connecting federal executives to the information they need to do their jobs better.