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Fers lump sum death benefit calculator Form: What You Should Know

What Are the Death Benefits for Cars Employees and Survivors? In general, a surviving spouse is eligible for the death benefit after the last month of salary received. In the event that the spouse receives a lump sum benefit, the amount of the lump sum benefit is based on the employee's former monthly salary and the amount of the remaining retirement contributions remaining to the employee after the last month of salary received. The lump sum benefit is computed with respect to a former employee's former salary as if  the employee's salary were to be divided by the number of months of employment for which a retirement annuity is or could be payable. In the event that  the spouse receives a lump sum benefit, the amount of the lump sum benefit is equal to half of one month of the former employee's former salary, plus the amount of the remaining retirement contributions, rounded up to the nearest dollar. FEDERAL EMPLOYEES RETIREMENT SYSTEM-DEATH — CARS Program 843.214 Death Benefits for Employee Death A survivor annuity, other than those of an employee of a retirement system or an annuity for the purpose of annuity administration, are payable to a surviving spouse (or child) as a result of a death related to employment of a retiree. To be eligible for the payment, no contribution shall be required from the survivor. Payment of death benefits under this section shall not be regarded as an annuity but as an annual benefit under the pension plan for which the survivor qualifies. 843.215 Death Benefits for annuitants  An annuitant who dies and no survivor annuity is payable  under his/her plan, is entitled to a payment of the excess and a refund of the entire amount of the payment if the surviving spouse was also an annuitant at the time of death. It is also important to note that the annuitant is not liable for the payment of the death benefit because the annuitant received it as a part of, or contingent upon, the receipt of other payments from the plan which the annuitant can therefore claim. 843.

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