In this video, we're going to take a look at some of the other survivor benefits and options available to retirees, other than the standard survivor annuity which was covered in another video. The first thing we want to examine is the difference between an employee and a retiree. For an employee, benefits are automatically provided once the minimum service requirements have been met. There's nothing that the employee needs to do to ensure that their survivors receive the entitled benefits. However, as a retiree, these benefits must be chosen and elected. The exception to this is that eligible children will be covered automatically, regardless. Next, let's discuss feh b-- coverage. In order for the spouse or family to maintain health insurance coverage through feh b, the employee must be enrolled in self and family coverage at the time of their death. Additionally, there must be a survivor annuity payable. For more details on the requirements for a survivor annuity, please refer to the previous video. If the survivor annuity is not sufficient to cover the premiums for feh b coverage, the survivor can make additional payments to OPM (Office of Personnel Management) to continue the coverage. Now, let's talk about the first type of other option for survivor benefits, insurable interest. This refers to someone who is financially dependent on the retiree or receives financial benefits from them while they are alive. This individual may not be a current or former spouse and is not eligible for the typical survivor annuity. The selection for insurable interest must be made at the time of retirement and this option is available to both single and married people. However, unlike with the typical survivor annuity, a physical examination is required at the expense of the retiree to be eligible for insurable interest....
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Csrs survivor benefits divorce Form: What You Should Know
S. Federal employee working in the federal employment system; b. an employee who worked in the federal employment system for a period of at least 3 years immediately prior to the time of the employee's death; or c. a uniformed member of the Armed Forces serving on active duty. Application for Death Benefits — Civil Service Retirement System In order for the application to be complete, these additional details need to be noted: 1. The deceased was paid under the Civil Service Retirement System (CARS) from April 6, 1970, through the date of death, or as a member of the Armed Forces from January 9, 1975, through January 9, 2000; 2. The deceased received no Federal retirement payments other than those payments made as a member of the Armed Forces; 3. The deceased was employed for a minimum of 30 consecutive work years or 60 months, whichever is shorter, during the 12-month period ending on the date of death; 4. The deceased was at the time of death, age 62 or older; 5. The deceased is the surviving spouse or de facto spouse of the deceased; and 6. The application form is not available in electronic format. Application for Death Benefits — Civil Service Retirement System A single annuity is payable under the Civil Service Retirement System (CARS). The payment is not subject to interest and is paid in 5 equal installments. For purposes of administering the annuity, the beneficiary must be a spouse or de facto spouse of the decedent (the decedent's natural or legal successor in interest) and must reside in the United States at the time of the initial annuity payment. The payments are treated as income and are includible in gross income of the individual receiving the annuity, including the annuitant. Benefits are payable to natural parents or any other person not mentioned with respect to the decedent; beneficiaries are legally bound to pay benefits under the annuity, but may use the annuity as a supplement to any retirement benefit the person received as a member of the armed services. Payment is made only to: a. Any surviving spouse or de facto spouse of the decedent; or b. A decedent's personal representative, or a person authorized by the decedent's personal representative to make payments under his or her name. Additional Benefits Under the Civil Service Retirement System.
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