Federal Employeesäó» Compensation Act: Analysis of Proposed Program Changes

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Our Price: $25.00

By Andrew Sherrill (au)
Year: 2012
Pages: 80
Binding Paperback
ISBN 978-1-4578-4151-4

Product Code: 1457841517

Description

The Dept. of Labor (DOL) administers the Fed. Employeesäó» Compensation Act (FECA) and bases FECA benefits on an employeeäó»s wages at time of injury and whether the employee has eligible dependents. In additon, consideration is given to the beneficiaryäó»s ability to work after the injury. Beneficiaries unable to return to work äóî total disability beneficiaries äóî who have an eligible dependent are compensated at 75% of gross wages at the time of injury and those without an eligible dependent are compensated at 66-2/3%. These benefits are adjusted for inflation and are not subject to age restrictions. Some policymakers are concerned about the level of FECA benefits, especially compared to the retirement benefits under the Fed. Employees Retirement System (FERS), which generally covers employees first hired in 1984 or later. DOL has proposed to revise FECA benefits for future total and partial disability beneficiaries. This report evaluates (1) What would be the effect of Laboräó»s proposal to compensate total disability FECA beneficiaries at a single rate regardless of having dependents? and (2) How would FERS and total disability FECA benefits in retirement compare under current FECA and Laboräó»s proposed FECA revision? Tables and figures. This is a print on demand report.

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