[Code of Federal Regulations]
[Title 5, Volume 2]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR841.502]

[Page 272-273]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
          CHAPTER I--OFFICE OF PERSONNEL MANAGEMENT (CONTINUED)
 
PART 841_FEDERAL EMPLOYEES RETIREMENT SYSTEM_GENERAL ADMINISTRATION--Table of 
 
       Subpart E_Employee Deductions and Government Contributions
 
Sec.  841.502  Definitions.

    In this subpart--
    Employee means employee as defined in Sec.  842.102 of this chapter 
or Member as defined in section 8401(20) of title 5, United States Code.
    Employee deduction means the portion of the normal cost of FERS 
coverage which is deducted from an employee's basic pay.
    FERS means chapter 84 of title 5, United States Code.

[[Page 273]]

    Fund means the Civil Service Retirement and Disability Fund.
    Normal cost percentage or Normal cost means the entryage normal cost 
of the provisions of FERS which relate to the Fund, computed by the 
Office in accordance with generally accepted actuarial practice and 
standards (using dynamic assumptions) and expressed as a level 
percentage of aggregate basic pay. Normal cost percentage or normal cost 
include both agency and employee contributions.
    Social security means old age, survivors and disability insurance 
under section 3101(a) of the Internal Revenue Code of 1954.