Browsing: spouse benefits

Q. I have two employees that do not want to leave their spouses a survivor annuity, without the spouse signing anything. One is CSRS and the other is FERS. The FERS employee has been separated for two years now and does not want to leave him anything, since she is not legally separated. But if she was legally separated, does she have to leave him anything?

Q. Is the cost of the spousal benefit I elect on the day I retire (approximately 10 percent of my pension) set in stone? Or do I have to pay more each year because the value of my pension is going up due to the cost-of-living adjustment (COLA)? (Is it 10 percent of retirement pay on Day 1 and that amount is paid forever, or 10 percent of my pension as it goes up due to COLA? Is the value of my spousal benefit based on 55 percent of the amount of my high-3 pay at retirement or is it 55 percent of my pension at…

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?

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