Recently, section 401 of the “Bipartisan Budget Act of 2013,” signed into law by the President on December 26, 2013, created another class of FERS coverage, FERS-Fur­ther Revised Annuity Employee (FRAE). New career employees (as designated in the statute) hired on or after January 1, 2014, will be covered under FERS-FRAE. The Postal Service retirement […]