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fedgovemployee  
#1 Posted : Wednesday, May 26, 2021 8:07:13 AM(UTC)
fedgovemployee

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Greetings

I am considering an offer from FDIC. THe offer includes a relocation benefit, the HR dpet just informed me that I would receive relocation at the "Tier 4" level, which I believe is the lowest level. Does anyone have the specifics on what that means? I've had real difficulty getting the HR folks to answer anything with any specificity. FDIC is a great agency and I want to work there, but I am getting cold feet jsut based on the interactions I've had with HR during the "tentative offer" period. Please advise if you have any info / thoughts! Much Appreciated!
TheRealOrange  
#2 Posted : Wednesday, May 26, 2021 8:33:09 AM(UTC)
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Originally Posted by: fedgovemployee Go to Quoted Post
Greetings

I am considering an offer from FDIC. THe offer includes a relocation benefit, the HR dpet just informed me that I would receive relocation at the "Tier 4" level, which I believe is the lowest level. Does anyone have the specifics on what that means? I've had real difficulty getting the HR folks to answer anything with any specificity. FDIC is a great agency and I want to work there, but I am getting cold feet jsut based on the interactions I've had with HR during the "tentative offer" period. Please advise if you have any info / thoughts! Much Appreciated!

Unless things have changed, the HR personnel do not oversee the relocation program. Rather, that is (was) done in the FDIC's Division of Finance. If I were you, I would try to see if you could speak to a Relocation Specialist. Also, again unless things have changed, I think that Tier 4 benefits would include official time, lump sum reimbursement, moving a POV, shipping household goods, and a tax allowance. I also found the information below on the FDIC's external website. Best of luck to you.

Relocation Forms (if applicable)

The FDIC offers eligible new hires certain relocation benefits based on the vacancy announcement and satisfaction of FDIC eligibility criteria, including a distance test. When relocation benefits are offered under a vacancy announcement, management at the relocating employee’s new official duty station provides FDIC’s Travel Services Section with documentation authorizing the relocation of the new employee. Documentation includes the Agreement to Remain in Service Form (FDIC 2530/08A), signed by the relocating employee, and the Official Notification of Relocation Form (FDIC 2530/08B) signed by the FDIC approving official with delegated authority. The Travel Services Section [[email protected]] reviews the documentation to ensure eligibility criteria have been met. Once deemed eligible, the employee will be enrolled into the Relocation Program and begin the relocation process. The required forms should be provided to eligible employees by their hiring official or Administrative Officer.

https://www.fdic.gov/new...yee/resources/forms.html
fedgovemployee  
#3 Posted : Wednesday, May 26, 2021 8:42:09 AM(UTC)
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Thank you for the prompt and informative reply, I greatly appreciate the input.
ji_  
#4 Posted : Wednesday, June 16, 2021 11:32:48 AM(UTC)
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As I recall, Tier 4 provides House-Hunting Trip, per diem and mileage, and Household Goods. It does not include TQSE or real estate expenses.
GWPDA  
#5 Posted : Thursday, June 17, 2021 11:49:30 AM(UTC)
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Don't forget, you're going to be taxed on the benefit - altho some may be reimbursed later on.
TheRealOrange  
#6 Posted : Thursday, June 17, 2021 12:19:30 PM(UTC)
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Originally Posted by: GWPDA Go to Quoted Post
Don't forget, you're going to be taxed on the benefit - altho some may be reimbursed later on.

I suppose it may have changed, but the FDIC used to provide an Income Tax Allowance (ITA), or gross-up allowance. The ITA was an estimate of federal and state taxes due as a result of the reimbursement and was paid directly to the taxing authorities on behalf of the relocating employee. Not every reimbursement was covered, but most were. The FDIC Travel Services Section should be able to describe the program to anyone who is relocating.
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