2016 FECA Circulars which have previously been issued by the DFEC but have since been superseded by another Circular or inclusion in the FECA Procedure Manual.

Fiscal Year 2016

Circular

Subject

FECA Circular No. 16-02

Current Interest Rates for Prompt Payment Bills and Debt Collection

FECA Circular No. 16-04

Reimbursement Rates Payable for the Use of Privately Owned Automobiles Necessary to Secure Medical Examination and Treatment.

FECA Circular No. 16-05

Current Interest Rates for Prompt Payment Bills and Debt Collection

Attention: This circular has been superseded and is inactive.

FECA CIRCULAR NO. 16-02

October 13, 2015

SUBJECT: Current Interest Rates for Prompt Payment Bills and Debt Collection

The interest rate to be assessed for the prompt payment bills is 2.375 percent for the period of July 1, 2015 through December 31, 2015. This new rate has been updated in the Central Bill Payment system tables.

The rate for assessing interest charges on debts due the government remains unchanged again this year. The interest rate for assessing interest charges on debts due the government is 1.0 percent for the period of January 1, 2015 through December 31, 2015. This new rate has been updated in the iFECS system tables.

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 rate will be reviewed on July 1, 2015 to determine if the Treasury has changed the 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 C. FITZGERALD
Director for
Federal Employees' Compensation

Attachments: Prompt Payment Interest Rates
Debt Management Interest Rates

Distribution: List No. 2--Folioviews Groups A, B, and D (Claims Examiners, All Supervisors, District Medical Advisors, Technical Assistants, Rehabilitation Specialists, Staff Nurses and Fiscal Personnel)

ATTACHMENT TO FECA CIRCULAR NO. 16-02

PROMPT PAYMENT INTEREST RATES

Dates

Percentages

07/1/15 - 12/31/15
01/1/15 - 06/30/15
07/1/14 - 12/31/14
01/1/14 - 12/31/14
07/1/13 - 12/31/13
01/1/13 - 12/31/13
07/1/12 - 12/31/12
01/1/12 - 12/31/12
07/1/11 - 12/31/11
01/1/11 - 06/30/11
01/1/10 - 12/31/10
01/1/10 - 12/31/10

2 ⅜ %
2 ⅛ %
2.0 %
2 ⅛ %
1 ¾ %
1 ⅜ %
1 ¾ %
2.0 %
2 ½ %
2 ⅝ %
2 ⅝ %
3 ¼ %
PROMPT PAYMENT INTEREST RATES

Dates

Percentages

Dates

Percentages

07/1/09 - 12/31/09
01/1/09 - 06/30/09
07/1/08 - 12/31/08
01/1/08 - 06/30/08
07/1/07 - 12/31/07
01/1/07 - 06/30/07
07/1/06 - 12/31/06
01/1/06 - 06/30/06
07/1/05 - 12/31/05
01/1/05 - 06/30/05
07/1/04 - 12/31/04
01/1/04 - 06/30/04
07/1/03 - 12/31/03
01/1/03 - 06/30/03
07/1/02 - 12/31/02
01/1/02 - 06/30/02
07/1/01 - 12/31/01
01/1/01 - 06/30/01
07/1/00 - 12/31/00
01/1/00 - 06/30/00

4 ⅞ %
5 ⅝ %
5 ⅛ %
4 ¾ %
5 ¾ %
5 ¼ %
5 ¾ %
5 ⅛ %
4 ½ %
4 ¼ %
4 ½ %
4.0 %
3 ⅛ %
4 ¼ %
5 ¼ %
5 ½ %
5 ⅞ %
6 ⅜ %
7 ¼ %
6 ¾ %

07/1/99 - 12/31/99
01/1/99 - 06/30/99
07/1/98 - 12/31/98
01/1/98 - 06/30/98
07/1/97 - 12/31/97
01/1/97 - 06/30/97
07/1/96 - 12/31/96
01/1/96 - 06/30/96
07/1/95 - 12/31/95
01/1/95 - 06/30/95
07/1/94 - 12/31/94
01/1/94 - 06/30/94
07/1/93 - 12/31/93
01/1/93 - 06/30/93
07/1/92 - 12/31/92
01/1/92 - 06/30/92
07/1/91 - 12/31/91
01/1/91 - 06/30/91
07/1/90 - 12/31/90
01/1/90 - 06/30/90

6 ½ %
5.0 %
6.0 %
6 ¼ %
6 ¾ %
6 ⅜ %
7.0 %
5 ⅞ %
6 ⅜ %
8 ⅛ %
7.0 %
5 ½ %
5 ⅝ %
6 ½ %
7.0 %
6 ⅞ %
8 ½ %
8 ⅜ %
9.0 %
8 ½ %
PROMPT PAYMENT INTEREST RATES

Dates

Percentages

Dates

Percentages

01/1/89 - 06/30/89
07/1/88 - 12/31/88
01/1/88 - 06/30/88
07/1/87 - 12/31/87
01/1/87 - 06/30/87

9 ¾ %
9 ¼ %
9 ⅜ %
8 ⅞ %
7 ⅝ %

07/1/86 - 12/31/86
01/1/86 - 06/30/86
07/1/85 - 12/31/85
01/1/85 - 06/30/85

8 ½ %
9 ¾ %
10 ⅜ %
12 ⅛ %

ATTACHMENT TO FECA CIRCULAR NO. 16 - 02

DEBT MANAGEMENT INTEREST RATES

Dates

Percentages

01/1/15 - 12/31/15

1 %

01/1/14 - 12/31/14

1%

01/1/13 - 12/31/13

1%

01/1/12 - 12/31/12

1%

01/1/11 - 12/31/11

1%

1/1/10 - 12/31/10

1%

1/1/09 - 12/31/09

3%

7/1/08 - 12/31/08

3%

1/1/08 - 6/30/08

5%

1/1/07 - 12/31/07

4%

7/1/06 - 12/31/06

4%

1/1/06 - 12/31/06

2%

1/1/05 - 12/31/05

1%

1/1/04 - 12/31/04

1%

1/1/03 - 12/31/03

2%

7/1/02 - 12/31/02

3%

1/1/02 - 06/30/02

5%

1/1/01 - 12/31/01

6%

1/1/00 - 12/31/00

5%

1/1/99 - 12/31/99

5%

1/1/98 - 12/31/98

5%

1/1/97 - 12/31/97

5%

1/1/96 - 12/31/96

5%

7/1/95 - 12/31/95

5%

1/1/95 - 06/30/95

3%

1/1/94 - 12/31/94

3%

1/1/93 - 12/31/93

4%

1/1/92 - 12/31/92

6%

1/1/91 - 12/31/91

8%

1/1/90 - 12/31/90

9%

1/1/89 - 12/31/89

7%

1/1/88 - 12/31/88

6%

1/1/87 - 12/31/87

7%

1/1/86 - 12/31/86

8%

1/1/85 - 12/31/85

9%

Prior to 01/01/84

Not applicable

Back to Top of FECA Circular No. 16-02

Back to Table of Contents

Attention: This circular has been superseded and is inactive.

FECA CIRCULAR NO. 16-04

February 1, 2016

Subject: Reimbursement Rates Payable for the Use of Privately Owned Automobiles Necessary to Secure Medical Examination and Treatment.

Effective January 1, 2016, the mileage rate for reimbursement to Federal employees traveling by privately-owned automobile has been REDUCED to 54 cents per mile by GSA. No restriction is made as to the number of miles that can be traveled. As in the past, determination has been made to apply the applicable rate to disabled FECA beneficiaries traveling to secure necessary medical examination and treatment.

The Central Bill Pay (CBP) facility has updated their system to reflect the new rates. Since there is no action required at the District Office level, the rates are being provided for informational purposes only.

Attached to this Circular is an updated listing of mileage reimbursement rates from January 1, 1995 through the current date.

DOUGLAS C. FITZGERALD
Director for
Federal Employees' Compensation

Attachment: Private Automobile Mileage Reimbursement Rates

Distribution: All DFEC Staff

ATTACHMENT TO FECA CIRCULAR NO. 16 – 04

PRIVATE AUTOMOBILE MILEAGE REIMBURSEMENT RATES

Dates

Cents per mile

01/01/1995 – 06/06/1996

30.0 cents per mile

06/07/1996 – 09/07/1998

31.0 cents per mile

09/08/1998 – 03/31/1999

32.5 cents per mile

04/01/1999 – 01/13/2000

31.0 cents per mile

01/14/2000 – 01/21/2001

32.5 cents per mile

01/22/2001 – 01/20/2002

34.5 cents per mile

01/21/2002 – 12/31/2002

36.5 cents per mile

01/01/2003 – 12/31/2003

36.0 cents per mile

01/01/2004 – 02/03/2005

37.5 cents per mile

02/04/2005 – 08/31/2005

40.5 cents per mile

09/01/2005 – 12/31/2005

48.5 cents per mile

01/01/2006 – 01/31/2007

44.5 cents per mile

02/01/2007 – 03/18/2008

48.5 cents per mile

03/19/2008 – 07/31/2008

50.5 cents per mile

08/01/2008 – 12/31/2008

58.5 cents per mile

01/01/2009 – 12/31/2009

55.0 cents per mile

01/01/2010 – 12/31/2010

50.0 cents per mile

01/01/2011 – 04/16/2012

51.0 cents per mile

04/17/2012 – 12/31/2012

55.5 cents per mile

01/01/2013 – 12/31/2013

56.5 cents per mile

01/01/2014 – 12/31/2014

56.0 cents per mile

01/01/2015 – 12/31/2015

57.5 cents per mile

01/01/2016 to Present

54.0 cents per mile

Back to Top of FECA Circular No. 16-04

Back to Table of Contents

Attention: This circular has been superseded and is inactive.

FECA CIRCULAR NO. 16-05

March 30, 2016

Subject: Current Interest Rates for Prompt Payment Bills and Debt Collection

The interest rate to be assessed for the prompt payment bills is 2.5 percent for the period of January 1, 2016 through June 30, 2016. This new rate has been updated in the Central Bill Payment system tables.

The rate for assessing interest charges on debts due the government remains unchanged again this year. The interest rate for assessing interest charges on debts due the government is 1.0 percent for the period of January 1, 2016 through December 31, 2016. This rate remains unchanged in the iFECS system tables.

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 rate will be reviewed on July 1, 2016 to determine if the Treasury has changed the 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 C. FITZGERALD
Director for
Federal Employees' Compensation

Attachments: Prompt Payment Interest Rates
Debt Management Interest Rates

Distribution: All DFEC Staff

PROMPT PAYMENT INTEREST RATES

Dates

Percentages

01/1/16 - 06/30/16

2½%

07/1/15 - 12/31/15

2⅜%

01/1/15 - 12/31/15

2⅛%

07/1/14 - 12/31/14

2.0%

01/1/14 - 12/31/14

2⅛%

07/1/13 - 12/31/13

1¾%

01/1/13 - 12/31/13

1⅜%

07/1/12 - 12/31/12

1¾%

01/1/12 - 12/31/12

2.0%

07/1/11 - 12/31/11

2½%

01/1/11 - 06/30/11

2⅝%

01/1/10 - 12/31/10

2⅝%

01/1/10 - 12/31/10

3¼%
PROMPT PAYMENT INTEREST RATES

Dates

Percentages

Dates

Percentages

07/1/09 - 12/31/09

4⅞%

07/1/99 - 12/31/99

6½%

01/1/09 - 06/30/09

5⅝ %

01/1/99 - 06/30/99

5.0%

07/1/08 - 12/31/08

5⅛%

07/1/98 - 12/31/98

6.0%

01/1/08 - 06/30/08

4¾%

01/1/98 - 06/30/98

6¼%

07/1/07 - 12/31/07

5¾%

07/1/97 - 12/31/97

6¾%

01/1/07 - 06/30/07

5¼%

01/1/97 - 06/30/97

6⅜%

07/1/06 - 12/31/06

5¾%

07/1/96 - 12/31/96

7.0%

01/1/06 - 06/30/06

5⅛%

01/1/96 - 06/30/96

5⅞%

07/1/05 - 12/31/05

4½%

07/1/95 - 12/31/95

6⅜%

01/1/05 - 06/30/05

4¼%

01/1/95 - 06/30/95

8⅛%

07/1/04 - 12/31/04

4½%

07/1/94 - 12/31/94

7.0%

01/1/04 - 06/30/04

4.0%

01/1/94 - 06/30/94

5½%

07/1/03 - 12/31/03

3⅛%

07/1/93 - 12/31/93

5⅝%

01/1/03 - 06/30/03

4¼%

01/1/93 - 06/30/93

6½%

07/1/02 - 12/31/02

5¼%

07/1/92 - 12/31/92

7.0%

01/1/02 - 06/30/02

5½%

01/1/92 - 06/30/92

6⅞%

07/1/01 - 12/31/01

5⅞%

07/1/91 - 12/31/91

8½%

01/1/01 - 06/30/01

6⅜%

01/1/91 - 06/30/91

8⅜%

07/1/00 - 12/31/00

7¼%

07/1/90 - 12/31/90

9.0%

01/1/00 - 06/30/00

6¾%

01/1/90 - 06/30/90

8½%
PROMPT PAYMENT INTEREST RATES

Dates

Percentages

Dates

Percentages

01/1/89 - 06/30/89

9¾%

07/1/86 - 12/31/86

8½%

07/1/88 - 12/31/88

9¼%

01/1/86 - 06/30/86

9¾%

01/1/88 - 06/30/88

9⅜%

07/1/85 - 12/31/85

10⅜%

07/1/87 - 12/31/87

8⅞%

01/1/85 - 06/30/85

12⅛%

01/1/87 - 06/30/87

7⅝%

ATTACHMENT TO FECA CIRCULAR NO. 16-05

DEBT MANAGEMENT INTEREST RATES

Dates

Percentages

01/1/16 - 12/31/16

1%

01/1/15 - 12/31/15

1%

01/1/14 - 12/31/14

1%

01/1/13 - 12/31/13

1%

01/1/12 - 12/31/12

1%

01/1/11 - 12/31/11

1%

1/1/10 - 12/31/10

1%

1/1/09 - 12/31/09

3%

7/1/08 - 12/31/08

3%

1/1/08 - 6/30/08

5%

1/1/07 - 12/31/07

4%

7/1/06 - 12/31/06

4%

1/1/06 - 12/31/06

2%

1/1/05 - 12/31/05

1%

1/1/04 - 12/31/04

1%

1/1/03 - 12/31/03

2%

7/1/02 - 12/31/02

3%

1/1/02 - 06/30/02

5%

1/1/01 - 12/31/01

6%

1/1/00 - 12/31/00

5%

1/1/99 - 12/31/99

5%

1/1/98 - 12/31/98

5%

1/1/97 - 12/31/97

5%

1/1/96 - 12/31/96

5%

7/1/95 - 12/31/95

5%

1/1/95 - 06/30/95

3%

1/1/94 - 12/31/94

3%

1/1/93 - 12/31/93

4%

1/1/92 - 12/31/92

6%

1/1/91 - 12/31/91

8%

1/1/90 - 12/31/90

9%

1/1/89 - 12/31/89

7%

1/1/88 - 12/31/88

6%

1/1/87 - 12/31/87

7%

1/1/86 - 12/31/86

8%

1/1/85 - 12/31/85

9%

Prior to 01/01/84

Not applicable

ATTACHMENT TO FECA CIRCULAR NO. 16-05

Back to Top of FECA Circular No. 16-05

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