2007 FECA Circulars which have previously been issued by the DFEC but have since been superseded by another Circular or inclusion in the FECA Procedure Manual.
|
Circular |
Subject |
|---|---|
|
Dual Benefits - FERS |
|
|
Current Interest Rates for Prompt Payment Bills and Debt Collection |
Attention: This circular has been superseded and is inactive.
|
FECA CIRCULAR NO. 07-01 |
February 1, 2007 |
SUBJECT: Dual Benefits - FERS
Reference is made to FECA Bulletin 97-9, where the procedures for computing FERS Dual Benefits are outlined. Action item 3 indicates a point of contact at SSA who was performing the necessary computations for OWCP. These computations are currently assigned to a number of modules based on the last two digits of the SSN as follows:
|
Module number |
Numbers |
Contact |
Phone |
FAX |
|---|---|---|---|---|
|
Module 1 |
00-16 |
Pat Shahverdian |
410-965-9388 |
410-597-0498 |
|
Module 2 |
17-32 |
Zorita Shivers |
410-965-8063 |
410-966-6782 |
|
Module 3 |
33-49 |
Dennis Profili |
410-966-5566 |
410-965-8054 |
|
Module 4 |
50-66 |
Shirley Davis |
410-965-9425 |
410-965-9409 410-965-6030 |
|
Module 5 |
67-82 |
Wanda Russell |
410-965-5255 |
410-966-5552 410-965-6539 |
Back to Top of FECA Circular No. 07-01
Attention: This circular has been superseded and is inactive.
|
FECA CIRCULAR NO. 07-02 |
August 1, 2007 |
SUBJECT: Current Interest Rates for Prompt Payment Bills and Debt Collection
The interest rate to be assessed for the prompt payment bills is 5.25 percent for the period of January 1, 2007 through December 31, 2007. This new rate has already been updated in the Central Bill Payment tables.
The rate for assessing interest charges on debts due the U.S. Government changed in June 2006, despite the increase in January 2006. The interest rate for assessing interest charges on debts due the U.S. Government is now 4.0 percent for the period of July 1, 2006 through December 31, 2007. The interest rate tables in the iFECS Debt System have been updated to reflect these changes.
Ordinarily, the rate of interest charged on debts due the U.S. Government is only changed in January, and is effective for the entire year. However, the rate may be changed in July if there is a difference in the Current Value of Funds (CVF) interest rate of more than two percent. The rates are reviewed each June, and if the rate has changed another Circular will be published to advise all appropriate personnel of the new rate.
Attached to this Circular is an updated listing of both the Prompt Payment and Debt Management interest rates from January 1, 1985 through the current date.
Douglas Fitzgerald
Director for
Federal Employees' Compensation
Attachments
Distribution: List No. 2--Folioviews Groups A, B, and D
(Claims Examiners, All Supervisors, District Medical Advisors, Technical Assistants, Rehabilitation Specialists, and Fiscal Personnel)
|
Dates |
Percentage |
|---|---|
|
7/01/07 - 12/31/07 |
5.750% |
|
1/01/07 - 6/30/07 |
5.250% |
|
7/01/06 - 12/31/06 |
5.750% |
|
1/01/06 - 6/30/06 |
5.125% |
|
7/01/05 - 12/31/05 |
4.500% |
|
1/01/05 - 6/30/05 |
4.250% |
|
7/01/04 - 12/31/04 |
4.500% |
|
1/01/04 - 6/30/04 |
4.000% |
|
7/01/03 - 12/31/03 |
3.125% |
|
1/01/03 - 6/30/03 |
4.250% |
|
7/01/02 - 12/31/02 |
5.250% |
|
1/01/02 - 6/30/02 |
5.500% |
|
7/01/01 - 12/31/01 |
5.875% |
|
1/01/01 - 6/30/01 |
6.375% |
|
7/01/00 - 12/31/00 |
7.250% |
|
1/01/00 - 6/30/00 |
6.750% |
|
|
|
|
7/01/99 - 12/31/99 |
6.500% |
|
1/01/99 - 6/30/99 |
5.000% |
|
7/01/98 - 12/31/98 |
6.000% |
|
1/01/98 - 6/30/98 |
6.250% |
|
7/01/97 - 12/31/97 |
6.750% |
|
1/01/97 - 6/30/97 |
6.375% |
|
7/01/96 - 12/31/96 |
7.000% |
|
1/01/96 - 6/30/96 |
5.875% |
|
7/01/95 - 12/31/95 |
6.375% |
|
1/01/95 - 6/30/95 |
8.125% |
|
|
|
|
7/01/94 - 12/31/94 |
7.000% |
|
1/01/94 - 6/30/94 |
5.500% |
|
7/01/93 - 12/31/93 |
5.625% |
|
1/01/93 - 6/30/93 |
6.500% |
|
7/01/92 - 12/31/92 |
7.000% |
|
1/01/92 - 6/30/92 |
6.875% |
|
7/01/91 - 12/31/91 |
8.500% |
|
1/01/91 - 6/30/91 |
8.375% |
|
7/01/90 - 12/31/90 |
9.000% |
|
1/01/90 - 6/30/90 |
8.500% |
|
|
|
|
7/01/89 - 12/31/89 |
9.125% |
|
1/01/89 - 6/30/89 |
9.750% |
|
7/01/88 - 12/31/88 |
9.250% |
|
1/01/88 - 6/30/88 |
9.375% |
|
7/01/87 - 12/31/87 |
8.875% |
|
1/01/87 - 6/30/87 |
7.625% |
|
7/01/86 - 12/31/86 |
8.500% |
|
1/01/86 - 6/30/86 |
9.750% |
|
7/01/85 - 12/31/85 |
10.375% |
|
1/01/85 - 6/30/85 |
12.125% |
Back to Top of FECA Circular No. 07-02
|
Dates |
Percentage |
|---|---|
|
1/01/07 - 12/31/07 |
4% |
|
7/01/06 - 12/31/06 |
4% |
|
1/01/06 - 12/31/06 |
2% |
|
1/1/05 - 12/31/05 |
1% |
|
1/01/04 - 12/31/04 |
1% |
|
1/01/03 - 12/31/03 |
2% |
|
7/01/02 - 12/31/02 |
3% |
|
1/01/02 - 06/30/02 |
5% |
|
1/01/01 - 12/31/01 |
6% |
|
1/01/00 - 12/31/00 |
5% |
|
|
|
|
1/01/99 - 12/31/99 |
5% |
|
1/01/98 - 12/31/98 |
5% |
|
1/01/97 - 12/31/97 |
5% |
|
1/01/96 - 12/31/96 |
5% |
|
7/01/95 - 12/31/95 |
5% |
|
1/01/95 - 06/30/95 |
3% |
|
|
|
|
1/01/94 - 12/31/94 |
3% |
|
1/01/93 - 12/31/93 |
4% |
|
1/01/92 - 12/31/92 |
6% |
|
1/01/91 - 12/31/91 |
8% |
|
1/01/90 - 12/31/90 |
9% |
|
1/01/89 - 12/31/89 |
7% |
|
1/01/88 - 12/31/88 |
6% |
|
1/01/87 - 12/31/87 |
7% |
|
1/01/86 - 12/31/86 |
8% |
|
1/01/85 - 12/31/85 |
9% |
|
|
|
|
Prior to 01/01/84 |
not applicable |
Back to Top of FECA Circular No. 07-02