Tag: Annuity

What are "Deemed" Salaries, in the FERS Annuity Supplement?

By on April 22, 2010 in Retirement with 0 Comments

In calculating a FERS annuity supplement, you will find some years in which a retiree was not in pay status for the entire year. When this happens, the retiree’s salary for the entire year must, by law, be “deemed,” or legally fabricated. How is this done? Here is an explanation.

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Divorce, Death, Children and a Federal Retirement Annuity

By on March 30, 2010 in Court Cases with 0 Comments

A federal court has upheld OPM in following the order of a divorce court to pay a portion of a retiree’s civil service annuity to his two adult children following the death of his ex-wife.

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Your Unused FERS Sick Leave: How Much is it Worth At Retirement?

By on March 19, 2010 in Retirement with 0 Comments

Until late last year, FERS employees in the twilight of their careers were faced with a dilemma: What should I do about my sick leave? This has recently changed and FERS employees now receive credit for their sick leave. How does this work in practice?

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How Much Of A Tax Break Will I Get On My Retirement Annuity When I Retire?

By on March 3, 2010 in Retirement with 0 Comments

You have contributed to a retirement fund for years. How do taxes work when you begin to withdraw that money? Here is a quick explanation.

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The FERS Annuity Supplement: What Makes The Estimate Wrong

By on February 4, 2010 in Retirement with 0 Comments

The FERS annuity estimate is really simple to calculate. But the actual supplement you are paid can be significantly less than the estimate. How does this happen?

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Almost Meeting the Requirements for a Survivor Annuity Isn’t Good Enough

By on January 25, 2010 in Court Cases with 0 Comments

The widow of a federal employee who missed having 10 years of creditable federal service by thirteen days, has now lost before the appeals court on her bid for a survivor annuity benefit under FERS.

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Should You Elect a Survivor Benefit for Your Spouse?

By on January 14, 2010 in Retirement with 0 Comments

Should you elect a survivor benefit for your spouse? You must pay for survivor benefits out of your annuity. Here are the costs and some of the considerations when you make this decision.

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Electing a Survivor Annuity: Follow Legal Requirements or Lose the Benefit

By on December 18, 2009 in Court Cases with 0 Comments

A surviving widow of a retired federal employee tried without success to convince OPM, the MSPB and the appeals court that her deceased husband had provided her a survivor’s annuity.

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Who Will Get the Retirement Annuity?

By on April 10, 2007 in Court Cases with 0 Comments

What will happen to a federal employee’s annuity in the event of a divorce? The answer is not always clear–even after a decision from OPM and the MSPB as demonstrated by this case.

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“Honey, I Forgot To Give My Former Wife A Survivor Annuity”

By on May 17, 2005 in Retirement with 0 Comments

The federal retirement system can be complex and confusing. Add a divorce into the mix, and the confusion and complexity increase. Here is a recent case that shows how confusing the issue of a survivor annuity can become as a result of a divorce.

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