American Flag

CSRS Survivor Benefits Calculation at Retirement*

CSRS Survivor Benefits Calculation at Retirement*

*Example using full pension of $24,000 annually

 

Standard Annuity Maximum Benefit: 55% of the full annuity

  • Cost: First $3,600 X 2 ½% = $90
  • $24,000 - $3,600= $20,400 X 10% = $2,040
  • Final Cost: $2,130*
  • Pension AUTOMATICALLY reduces to $21,870
  • Survivor Annuity: 55% X $24,000 = $13,200 annually

Reduced Annuity Benefit: 55% of ½ the full annuity

  • Cost: First $3,600 X 2 ½% = $90
  • $12,000 - $3,600= $8,400 X 10% = $840
  • Final Cost: $930*
  • Pension reduces to $23,070
  • Survivor Annuity: 55% X $12,000 = $6,600 annually

Minimum Annuity Benefit: 55% of $3,600

  • Cost: First $3,600 X 2 ½% = $90
  • Pension reduces to $23,910
  • Survivor Annuity: 55% X $3,600 = $1,980 annually

* Remember that as your pension increases due to cost of living adjustments (COLA), the monthly costs will increase as well.