Browsing: Remarriage

Q. If I get married after I retire and elect a survivor annuity for my husband, I understand that I would need to pay the difference of what I would have paid had we been married at retirement plus 6 percent interest. For example, if I retired in January and married in June, if I understand this correctly, I need to wait 9 months for it to be effective so 9 plus 5 (months I would be married) would equal 14 months. If, for example, the difference in the annuity would be $50, I would owe $50×14 = $700 plus…

Q. I retired from the Civil Service Retirement System in 2012, and was divorced at the time. My ex-wife won’t receive a survivor annuity based on my divorce decree. I am going to get remarried this summer and will elect full survivor annuity for my new wife. I know my monthly annuity will be reduced, but I want to know if the reduction would be the same as if I had been married all these years, or will there be an additional amount deducted to make up for the years since I retired? A. If you marry and elect to…