Leave and Earnings Statements Date: Wed, 20 Jan 1999 08:16:25 -0500 To: "USGS Employees" From: Joyce Pieritz Subject: Leave and Earnings Statements In Reply Refer To: Mail Stop 601 Supervisors, Managers, and Team Leaders: Please ensure that employees without access to e-mail receive a copy of this message. MEMORANDUM To: All U.S. Geological Survey Employees From: Robert Hosenfeld Personnel Officer Subject: Leave and Earnings Statements Because of several changes that effect your salary beginning January 3, 1999, you should carefully check the leave and earnings statement you receive the week of January 25, 1999. These changes are detailed below. The Balanced Budget Act of 1997 includes an increase in retirement deductions effective January 3, 1999. The increase in retirement deductions, which is .25 percent, will impact you as follows: CSRS employees Current deduction 7.0% New deduction 7.25% FERS employees Current deduction .8% New deduction 1.05% CSRS offset employees Current deduction .8% New deduction 1.05% If you changed coverage under the Federal Employees Health Benefits Program during the recent open season, you should carefully check your leave and earnings statement to ensure that the proper withholdings are being made. Similarly, because there was a change in the procedures for processing Combined Federal Campaign (CFC) contributions in 1998, you should review your leave and earnings statement to make sure your CFC contributions are correct. If you discover any errors, contact your servicing personnel office, which will take appropriate corrective action.