FERS new hire versus transfer

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Q. I am a FERS employee with less than five years of service. If I accept a new position with the government after Jan. 1, will I pay the new, higher FERS contribution rate or will it be considered a transfer (i.e. not a “new hire”) and thus exempt from the new contribution rate?

A. It would be considered a transfer and not subject to the “new hire” rate.

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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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