Browsing: FERS annuity computation

Q. Employees are advised to select at least a minimal survivor benefit when selecting retirement options. I understand the base for the survivor annuity can be as low as 1 percent of the overall annuity. The cost of that survivor benefit could be as little as a few dollars a month, as its cost would be based on the 2.5 percent rather than the 10 percent portion of the formula. For example, if the full annuity was calculated as $40,000, 1 percent would be $400; the annual cost of that would be just $10. What are your thoughts?

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. If I complete 13 years of active duty in 2018 and tack on seven years of reserve duty until 2025, I will start receiving military retirement benefits for those 20 years at age 60. If I become a GS employee in 2018 and serve 20 years until I am 57, will I be able to receive my military retirement pension as well as my FERS pension? If I “make a contribution” (aka buy back those 13 years of active-duty service), will I have to forfeit the military retirement benefits because it will be rolled into the FERS?

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: I retired from federal law enforcement at age 53 after 25 years service in 2009, and began to receive the FERS annuity supplemental. I worked in private industry from August 2009 – August 2010, and again from November 2011 – September 2014, during which time my FERS supplement was justifiably reduced and then stopped. I have not worked since October, 2014 and would like to re initiate the Supplement. Question; how would I do that and will I receive the supplement retroactively from January 2015 to present?

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