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Federal Employee Benefits .pdf


Original filename: Federal Employee Benefits.pdf
Author: vaishali mishra

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A glimpse at National Federation of Federal Employees

The NFFE (National Federation of Federal Employees) is an American union of labour that
represents 100,000 public employees who work in federal government. The members of
NFFE works mostly in Department of Defense, the Department of Veterans Affairs, the
Forest Services, the Department of Housing and Urban Development, the National Park
Services, the General Services Administration etc. These employees even enjoy Federal
Employee benefits.
Recent issues associated with NFFE:
In a longer term, the affiliation of NFFE with IAM has significantly helped NFFE in
strengthening. There is a great improvement in financial resources and union administrative
of NFFE. As a result of it, no new raids on NFFE membership has been witnessed. The union
even stood in opposition of the recommendation that the government of Bush forced
government or federal employees to serve in Iraq.
Federal Employees Retirement System:
The Federal Employees Retirement System (FERS) was created by Congress in 1986. FERS is
a retirement policy that helps the employees through three distinguished sources namely, a
basic benefit plan, the thrift saving plan (TPS) and social security. Even if the employee leave
federal job before retirement, the benefits provided by social security and TSP of the federal
benefit plan remains intact.
The TSP is an account that is opened by the federal agency for its employees under Federal
Employee benefits. For the entire pay period of the employee, the agency deposits an
amount equivalent to 1 percent of the employee’s basic pay in this account. If the employee
contributes to his own TSP account, an equal amount is deposited to his/her TSP account by
the agency. Not only this but these contributions are deferred of tax. Whilst social security is
the payroll deducted from the employee’s salary and paid as monthly income after
retirement.


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