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What Happens to Your Federal Employee Benefits if You Die While Still Working?

Federal Employee Benefits if you die

IT Specialist
Census Bureau
Wed Nov 12, 2008 8:21 AM

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Great article. Thanks!

Excess CSRS Contributions

Director
SSA
Wed Nov 12, 2008 8:26 AM

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Plese tell me what happens to the excess contributions I have been making into the the CSRS Retirement fund? I have 47 years of service and was told the amount of my annual contributions above 41 yrs., 11 mos. would come back to me in alump sum with interest. Is this true and would my survivors get this amount in the event of my premature death while working?

CSRS & FERS

Aging Services Program Specialists
DHHS/AoA
Wed Nov 12, 2008 8:32 AM

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Please describe the likely circumstance if one has both CSRS and FERS because he or she switched in 1986.

Question

Social Insurance Claims Examiner
SSA
Wed Nov 12, 2008 8:32 AM

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In the event you are not married, then what happens to all the retirement benefits you paid into the system

Re: Question

worker bee
Fed Agency
Thu Nov 13, 2008 2:41 PM
Well, if you are talking about your 401(k), that would go to the beneficiaries you have designated. If you are talking about your pension, Uncle Sam gets to keep that, just as he does your social security benefits if you are not married and don't have minor children.

CSRS Accumulated Benefits

Accountant
DoN
Wed Nov 12, 2008 8:42 AM

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What happens to these benefits, if you die, while still employed? Do they go to your beneficiary? If under a divorse decree, that entitles the ex-spouse a part of your retirement benefits AFTER you retire, does this change the answer to my question?

Thanks!

Sick Leave

Old Geezer
DOE
Wed Nov 12, 2008 8:58 AM

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I noticed you didn't mention sick leave.

I would guess that means it vanishes.

\s\
Old Geezer.

If you die while working

Contract Specialist
ACA
Wed Nov 12, 2008 9:01 AM

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If you are CSRS, not married, and die prior to retirement, what happens to the contributions to the CSRS retirement system - do they just stay in the retirement pool or can you designate a beneficiary?

Re: If you die while working

HR Specialist
Forest Service
Thu Nov 20, 2008 10:51 AM
You should designate a beneficiary for your retirement funds; if you fail to do so, it will be paid in the order of precedence, i.e. surviving children, parents, siblings, etc. You should also designate a beneficiary for unpaid compensation (final salary and lump sum leave), life insurance and TSP if you want these funds to go to a particular person.
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