Revised Annuity Employees (RAE), a new code on PS 50 Forms

New Code on Form 50 Reflects Bigger Deduction for Retirement
"...The new designation reflects that the employees were hired as career employees on or after Jan. 1, 2013, and are covered under the Federal Employees Retirement System (FERS) as Revised Annuity Employees (RAE). In accordance with the Middle Class Tax Relief and Job Creation Act of 2012, career employees hired on or after Jan. 1, 2013, pay more for their retirement benefits than their predecessors. ..."    

This Article is From: www.apwu.org
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