The pretax Parking Program allows employees to use pretax dollars to pay for eligible parking expenses while at work. The Smithsonian Transit Subsidy Program provides up to the current maximum per month for mass transit costs incurred while commuting to and from an employee's work duty station. If the employee’s salary exceeds the OASDI (social security) maximum, employer contributions increase to 17% on the amount of salary over the OASDI maximum. In addition, trust employees who meet the eligibility requirements can enroll in the Defined Contribution Retirement plan which provides employer contributions of 12% of salary. Trust employees can enroll in a Tax Deferred Annuity (TDA) Plan which allows employees to save for retirement with tax deferred contributions up to the legal maximum. These contributions may be either tax deferred or Roth contributions. For more information on TSP, visit Trust Employees You can also make your own contributions to your TSP account and the Smithsonian will also make matching contributions up to a maximum of 5%. Thrift Savings Plan (TSP): Each pay period the Smithsonian deposits into your account an amount equal to 1% of the basic pay you earn for the pay period.The Basic Benefit and Social Security parts of FERS require you to pay your share each pay period. For more information on FERS, visit Two of the three parts of FERS (Social Security and the TSP) can carry over to your next job if you leave the federal government before retirement. FERS is a retirement plan that provides benefits from three different sources: a Basic Benefit Plan (the FERS or FERS-RAE component), Social Security and the Thrift Savings Plan (TSP). Federal Employees Retirement System (FERS)/ Federal Employees Retirement System-Revised Annuity Employees (FERS-RAE): Federal employees are generally enrolled in either FERS or FERS-RAE.Eliot Elisofon Photographic Archives, African Art.
0 kommentar(er)
