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The Federal Insurance Contributions Act (FICA / ˈ f aɪ k ə /) is a United States federal payroll (or employment) tax payable by both employees and employers to fund Social Security and Medicare [1] —federal programs that provide benefits for retirees, people with disabilities, and children of deceased workers.
The FERS annuity is based on a specified percentage (either 1% or 1.1% for most employees, see below), multiplied by (a) the length of an employee's Federal service eligible for FERS retirement (referred to as "creditable Federal service", which may not be the actual duration of Federal employment) and (b) the average annual rate of basic pay ...
All told, with the Federal Insurance Contributions Act, 12.4% of your paycheck is paid to the government for Social Security taxes and another 2.9% for Medicare, for a total FICA tax rate of 15.3% ...
The locality pay adjustment is counted as part of the "high-3" salary in calculating Federal Employees Retirement System (FERS) and Civil Service Retirement System (CSRS) annuities, as well as the baseline for individuals having a percentage of salary deducted for deposit into the Thrift Savings Plan.
The NARFE National office is located in Alexandria, Virginia.NARFE is governed by the 12-member National Executive Board (NEB) which includes the National President, National Secretary-Treasurer, and ten regional vice presidents [6] (RVPs) who communicate their regions' concerns to the NEB and NEB decisions back to their state federations.
fica or figa (pl. fiche or fighe) : pussy. In past times, it was also the name of an obscene gesture called gesto delle fiche . It also means sexy, hot, and attractive if referring to a woman (or a man when saying figo ) Contrary to popular belief, figa is not necessarily an offensive term.
KF Aerospace is a Canadian aerospace company providing aircraft maintenance, engineering, training, parts manufacturing, commercial flight operations, and pilot training. . KF is a Transport Canada Design Approval Organization (DAO) and Recognized Design Approval Organization (RDAO) with the Department of National Defence (DN
For this reason, KF is unsuitable for solutions containing e.g. dimethyl sulfoxide. KF has a high accuracy and precision, typically within 1% of available water, e.g. 3.00% appears as 2.97–3.03%. Although KF is a destructive analysis, the sample quantity is small and is typically limited by the accuracy of weighing.