Liberal Forum

Blackvegetable » 55 minutes ago » wrote: ↑

55 minutes ago

Your agency withholds the cost of the Basic Benefit and Social Security from your pay as payroll deductions

One spoon at a time, eventually it will sink in, maybe not.

Yes, the Federal Employees Retirement System (FERS) Basic Benefit Plan pays out more than you put in because the government contributes much more than you do: ContributionsYou contribute a small amount to the Basic Benefit Plan, while the government contributes much more. The government contributes 11.5% of your pay each pay period, while you contribute a small amount that's automatically deducted from your paycheck.