How Does Your Foreign Service Pension Grow?
Under the FSPS (Foreign Service Pension System) your pension accrues at a rate of 1.7% for the first 20 years of service and then 1% for each additional year.
Under the FSPS (Foreign Service Pension System) your pension accrues at a rate of 1.7% for the first 20 years of service and then 1% for each additional year.
While concerns related to COVID-19 continue to increase, the average mortgage rate has fallen to an all time low, prompting a wave of refinancing activity.
Do you know how much you are contributing to your retirement pension each pay period? Below is a table of the three existing contribution levels that are based on hire date. Newer employees pay a lot more for their pensions.