Q. I’m a single CSRS retiree for two years with 29 years of service and an early out. I am dying and want to calculate what my lump sum might be for my beneficiary after my death. How does USPS calculate what is left of my lump sum with only two years in retirement. Is there a certain percentage the Post Office puts in monthly and a certain percentage they take from my retirement contributions monthly for retirement funds?
A. The lump sum is the amount of your retirement contributions, minus any annuity that you have already received. For example, if you contributed $100,000 to the retirement fund and had received $30,000 in annuity payments, the remainder – $70,000 – would go to your beneficiary.