Introduction

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FERS

CSRS

FEGLI

TSP

FEHB

SSB

Survivor Pension Benefit (SSB)

The survivor pension is a lifetime benefit for your surviving spouse. Your spouse receives monthly payments until they die. A significant benefit from your federal employment is the Retirement Annuity earned throughout your years of service.

Upon retirement, you will have two options on how you receive this annuity:

• For yourself only, or
• Including your spouse as a joint recipient with a survivor’s benefit, The Surviving Spouse Benefit (SSB).

An annuity is generally an income that you receive for life. When you retire, it is likely that your spouse will be in need of the security that your Retirement Annuity can provide in the form of the Surviving Spouse Benefit.
Important things to know about SSB:
This SSB benefit is not free. Your annuity will be reduced by the cost of the additional benefit as follows:

• A 50% SSB Benefit will cost 10% of your full monthly annuity
• A 25% SSB Benefit will cost 5% of your full monthly annuity

Example
If you have a $1,000 mo. FERS pension, your spouse would receive $450 mo. WHY? Because you would get $1,000 mo. less 10% mo. cost ($100) leaving you with $900. Then 50% of your $900 mo pension, would equal $450 mo. for life for your spouse.

This reduced annuity becomes your Retirement Annuity throughout your lifetime, if you choose the Surviving Spouse Benefit option. The cost will be deducted for as long as you have a qualifying spouse. If “Cost of Living” increases affect your monthly pension, the cost of the Surviving Spouse Benefit will likewise increase by the COLA percent. If your spouse predeceases you, the cost deductions will stop; but you will not receive a refund of the previous deductions.

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