Updated FERS Survivor Annuity Conversion Factors
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This rule updates the actuarial table used to reduce survivor annuities when the spouse of a separated federal employee starts benefits early after the employee dies before qualifying for an unreduced deferred annuity. The change mainly affects surviving spouses under the Federal Employees' Retirement System. It is a technical benefits calculation update tied to revised actuarial assumptions. The separate factor for spouses who choose the basic employee death benefit in 36 installments remains unchanged.
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Key Changes
- Updates the reduction factors for early-start survivor annuities under FERS
- Keeps the basic employee death benefit installment factor unchanged
- Sets an August 24, 2026 effective date unless significant adverse comments are received
Obligations
What this law requires
OPM must use the revised table of reduction factors when calculating early-commencing survivor annuities for spouses of separated FERS employees who die before becoming eligible for unreduced deferred annuities.
OPM must not change the annuity factor for spouses of deceased employees who die in service when the spouse elects to receive the basic employee death benefit in 36 installments under FERS.
Comments on the direct final rule must be submitted through Regulations.gov and received by the end of the comment period to be considered by OPM.