Browsing: CSRS annuity computation

Q. What percentage of my husbands annuity do I get when he dies? He is retired from the US Army Corps of Engineers. From what I am reading we would need to be married at least nine months, but I am having a hard time finding out much more. A. Assuming that (1) a former spouse isn’t already entitled to all or a portion of your husbands’s annuity; (2) you have been married to him for at least 9 months before he dies; (3) he applies for a survivor annuity within two years of your marriage; and (4) he pays to OPM a…

Q. I retired two years ago from the U.S. Postal Service. I retired with 33 years under my belt — service as civil service offset. I just turned 62 and was surprised when my annuity dropped $900. I didn’t think this would happen until I applied for Social Security. Should I apply for my deceased husband’s benefit, which is less than mine, take my greater benefit, or take less of an amount now and let my Social Security grow until I’m 66?

As a result of all the early retirement offers and buyouts, a lot of employees leave government for what they hope will be greener pastures. Whatever their motivation, quite a few of them think about returning to work for the federal government. If you are one of them, a potential impediment to your coming back to work is this. If you received a buyout and return to work before the end of five years, with rare exception, the law requires that you repay the entire amount no later than the date on which you report for duty. If you didn’t…

Did you work under either Civil Service Retirement System or Federal Employees Retirement System, leave government, withdraw your retirement contributions, and then come back to work for the government? If you did, when you retire your annuity will be reduced unless you redeposit that money, plus accrued interest. Should you make that redeposit or not? I’ll help you find the answer that fits your situation by explaining who is eligible for an actuarial reduction and how to find out whether that reduction is a better deal than making a redeposit. First, let me spell out the redeposit rules. CSRS and…

Q. My husband died suddenly. He had been away from work because of an illness for three weeks. Had he lived, which we expected, he would have gone on disability like his doctor recommended. He did not apply for that as his death came so suddenly — a week after he was told this. I am receiving a CSRS survivor benefit from his pension. However, if he had received it, it would be double. If he paid in all those years (37 at the U.S. Postal Service and three in the military), shouldn’t they be paying all of it out? Do they just get to keep half of…

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