There may be some confusion when it comes to death benefits for federal employees. We are the Federal Retirement Benefits Center, financial professionals and educators who help you understand the benefits you have earned as a federal employee. We can answer questions you may have regarding benefits your beneficiaries will receive should you die while still in Federal service. We conduct Federal Retirement Workshops to explain the subtleties and intricacies of your benefits. We also offer a free in-depth Benefits Analysis report so you can better prepare for retirement.
The two federal retirement systems in effect presently include The Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS).
CSRS Eligibility: A deceased CSRS covered employee and surviving spouse must meet certain requirements before a spousal survivor annuity benefit is payable. Workers' compensation may apply if the death was job related. In CSRS, the employee must have completed at least 18 months of creditable service and died while subject to CSRS deductions.
The Civil Service Retirement System (CSRS) will pay monthly survivor annuity benefits to eligible children of deceased federal employees or retirees. After the death of a federal employee receiving a pension or annuity, the designated beneficiary receives survivor benefits. For widows, widowers and former spouses, the length of time they were married, the age at which they may remarry determines eligibility to receive benefits. When a child is a beneficiary, these benefits are not awarded automatically. The party responsible for the child must complete Standard Form 2800 and submit that with a death certificate. The child must also meet certain eligibility requirements. Survivor annuity benefits for children end when the child reaches age 18, marries, or dies. Annuity benefits may continue after age 18 if he is disabled or a full-time student.
Federal Employees Retirement System: the Basic Employee Death Benefit is payable to the spouse of a deceased employee who met certain eligibility requirements at the time of death. He must have completed 18 months of creditable civilian service and died while subject to FERS deductions.
The survivor's benefits are paid the BEDB either as one lump sum or in 36 monthly installment payments. The BEDB is subject to federal and state taxes. In addition to the BEDB, a monthly FERS Survivor Annuity Benefit is payable to a surviving spouse. The deceased employee must have completed at least 10 years of total creditable service and died while subject to FERS deductions.
Have questions about death benefits for federal employees, or other issues? When you need help, turn to the helpful staff at Federal Retirement Benefits Center. Call today: 844-533-3372.