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Federal Employee Pay Stub: Which Deductions Stop in Retirement
What happens to your FERS paycheck when you retire? William Smith walks through a real federal employee pay stub line by line and shows which deductions stop the day you leave.
Social Security (the OASDI line), Medicare tax, your FERS contribution, your TSP contribution and your allotments all come off. Add your FERS pension and Social Security back in, and the gap between your working net pay and your retirement net pay can be a few hundred dollars a month, depending on your years of service.
In this session:
- How to read your LES and find the deductions that end in retirement
- A real…
The skinny
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