Federal Employees’ Retirement System; Present Value Conversion Factors for Spouses of Deceased Separated Employees
Key claim: OPM is revising the table of reduction factors for early commencing dates of FERS survivor annuities for spouses of separated employees who die before unreduced deferred-annuity eligibility, while leaving the 36-installment basic employee death benefit factor unchanged.
Abstract
(Rule · Personnel Management Office) The Office of Personnel Management (OPM) is revising the table of reduction factors for early commencing dates of survivor annuities for spouses of separated employees who die before the date on which they would be eligible for unreduced deferred annuities. The annuity factor for spouses of deceased employees who die in service when those spouses elect to receive the basic employee death benefit in 36 installments under the Federal Employees’ Retirement System (FERS) Act of 1986 remains unchanged.
Why this matters
OPM is revising the table of reduction factors for early commencing dates of FERS survivor annuities for spouses of separated employees who die before unreduced deferred-annuity eligibility, while leaving the 36-installment basic employee death benefit factor unchanged.