FEHB and FERS survivor annuity


Q. I will be retiring soon, and I have an FEHB question. I have 27-plus years with USPS and have been in FEHB from the beginning. I’m now married and my wife has been on the plan more than 10 years. After I retire, if something happens to me, will me wife be covered as self only? I haven’t decided whether to take the survivor annuity because under FERS, she would get only $500 a month under the 50 percent selection. I might be able to buy an insurance policy that would be better.

A. Unless you elect a survivor annuity for your wife, she won’t be able to continue her FEHB coverage. As a FERS employee, you could elect a survivor annuity for her that equals either 25 percent or 50 percent of your unreduced annuity.


About Author

Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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