There are plenty of ways to mess up a divorce decree so that a surviving ex-spouse cannot claim a survivor annuity. This recent case is yet another example of what not to do.
In yet another case involving the current wife and ex-wife fighting over a federal retiree’s survivor’s annuity, the appeals court finds error in handling by OPM and MSPB and bounces the case back for another round. See why.
Federal employees have some unique features to their financial lives, so financial advisors should know about them.
A retired federal employee killed his wife. Should the sons of the former federal employee receive the lump-sum payment from his annuity or should the son of the retired federal employee’s wife receive the money? The MSPB decides.
Imagine you’re retired and living on a fixed income of $5,200/month. But suddenly your income dropped to $3,000/month. What changes would you have to make? Would you be able to stay retired? Who is faced with this situation?
What happens to your survivor annuity if you are a retired federal employee and there are changes in your life such as a death or divorce?
he second wife of a Federal retiree who remarried after his first wife died has lost her battle to convince the government that she was entitled to a survivor’s annuity.
After some thirty-five years of marriage, a woman filed for divorce. Before the divorce was finalized, her husband retired from the Army. He elected a survivorâ€™s annuity for his spouse even though they were in the process of getting a divorce. When the ex wife filed paperwork with OPM to receive her survivor annuity after her former husband died, the agency turned her down and the court upholds the ruling to deny her the annuity.
Here’s a rather bizarre case revolving around who should be paid death benefits for a federal employee whose husband was found to have been responsible for her death.
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.