Loan & Distribution Specialist AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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Compass
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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AimPoint Pension
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A Rude Survivor Annuity Shock for Some Widows and Widowers
Government Executive July 5, 2015 "In choosing the maximum survivor annuity, the surviving spouse receives 55 percent of the [Civil Service Retirement System] benefit before the reduction for survivor benefits, before reductions for any unpaid redeposits and for the offset. There is a possible offset to the spousal survivor annuity when the surviving spouse becomes entitled to survivor benefits from Social Security. The widow of one CSRS Offset retiree recently was shocked to find out just how dramatic effect that could have on the annuity." |
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