Source: https://ecfr.io/Title-05/sp5.2.842.f
Timestamp: 2019-08-25 07:13:43
Document Index: 616973677

Matched Legal Cases: ['art 842', 'art 842', 'art 842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§841', '§843', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§842', '§841']

[5 CFR 842 → Subpart F] Title 5 Part 842 → Subpart F : Code of Federal Regulations ';
Title 5 Part 842 → Subpart F
Title 5 → Chapter I → Subchapter B → Part 842 → Subpart F
§842.601 Purpose.
§842.603 Election at time of retirement of a fully reduced annuity to provide a current spouse annuity.
§842.604 Election at time of retirement of a fully reduced annuity or a one-half reduced annuity to provide a former spouse annuity.
§842.606 Election of a self-only annuity or a one-half reduced annuity by married employees and Members.
§842.607 Waiver of spousal consent requirement.
§842.608 Changes of election before final adjudication.
§842.609 [Reserved]
§842.612 Post-retirement election of a fully reduced annuity or one-half reduced annuity to provide a current spouse annuity.
§842.613 Division of a survivor annuity.
§842.614 Computation of partial annuity reduction.
§842.615 Deposits required.
§842.616 Publication of present value factors.
Source: 52 FR 2061, Jan. 16, 1987, unless otherwise noted.
This subpart explains the survivor annuity elections available under FERS for retirees, and retiring employees and Members, and the actions that they must take to provide these survivor annuities.
(a) A married employee or Member retiring under FERS will receive a fully reduced annuity to provide a current spouse annuity unless—
(1) The employee or Member, with the consent of the current spouse, elects a self-only annuity, a one-half reduced annuity to provide a current spouse annuity, or a fully reduced annuity or a one-half reduced annuity to provide a former spouse annuity, in accordance with §842.604 or §842.606; or
(2) The employee or Member elects a self-only annuity or a fully reduced annuity or a one-half reduced annuity to provide a former spouse annuity, and current spousal consent is waived in accordance with §842.607.
(b) Qualifying court orders that award former spouse annuities prevent payment of current spouse annuities to the extent necessary to comply with the court order and §842.613.
(c) The amount of the reduction to provide a current spouse annuity under this section is 10 percent of the retiree's annuity.
(b) A married employee or Member retiring under FERS may elect a fully reduced annuity or a one-half reduced annuity to provide a former spouse annuity or annuities instead of a fully reduced annuity to provide a current spouse annuity, if the current spouse consents to the election in accordance with §842.606 or spousal consent is waived in accordance with §842.607.
(c) An election under paragraph (a) or (b) of this section is void to the extent that it—
(2) Would cause the total of current spouse annuities and former spouse annuities payable based on the employee's or Member's service to exceed the maximum amount of survivor annuity that the employee or Member is entitled to provide under §842.613.
(e) Except as provided in §842.614, the amount of the reduction to provide a former spouse annuity equals—
(a) A married employee may not elect a self-only annuity or a one-half reduced annuity to provide a current spouse annuity without the consent of the current spouse or a waiver of spousal consent by OPM in accordance with §842.607.
[52 FR 2061, Jan. 16, 1987, as amended at 57 FR 54679, Nov. 20, 1992]
(a) The spousal consent requirement will be waived upon a showing that the spouse's whereabouts cannot be determined. A request for waiver on this basis must be accompanied by—
(2)(i) Affidavits by the employee or Member and two other persons, at least one of whom is not related to the employee or Member, attesting to the inability to locate the current spouse and stating the efforts made to locate the spouse; and
(b) The spousal consent requirement will be waived based on exceptional circumstances if the employee or Member presents a judicial determination finding that—
(1) The case before the court involves a Federal employee who is in the process of retiring from Federal employment and the spouse of that employee;
(2) The nonemployee spouse has been given notice and an opportunity to be heard concerning this order;
(3) The court has considered sections 8416(a) of title 5, United States Code, and this section as they relate to waiver of the spousal consent requirement for a married Federal employee to elect an annuity without a reduction to provide a survivor benefit to a spouse at retirement; and
(4) The court finds that exceptional circumstances exist justifying waiver of the nonemployee spouse's consent.
An employee or Member may name a new survivor or change his or her election of type of annuity if, not later than 30 days after the date of the first regular monthly payment, the named survivor dies or the employee or Member files with OPM a new written election. All required evidence of spousal consent or justification for waiver of spousal consent, if applicable, must accompany any new written election under this section.
[56 FR 65419, Dec. 17, 1991]
(a) Except as provided in paragraph (c) of this section, a retiree who was unmarried at the time of retirement may elect, within 2 years after a post-retirement marriage, a fully reduced annuity or a one-half reduced annuity to provide a current spouse annuity.
(b) Except as provided in paragraph (c) of this section, a retiree who was married at the time of retirement may elect, within 2 years after a post-retirement marriage—
(1) A fully reduced annuity or a one-half reduced annuity to provide a current spouse annuity if—
(i) The retiree was awarded a fully reduced annuity under §842.603 at the time of retirement; or
(ii) The election at the time of retirement was made with a waiver of spousal consent in accordance with §842.607; or
(iii) The marriage at the time of retirement was to a person other than the spouse who would receive a current spouse annuity based on the post-retirement election; or
(2) A one-half reduced annuity to provide a current spouse annuity if—
(i) The retiree elected a one-half reduced annuity under §842.606 at the time of retirement;
(ii) The election at the time of retirement was made with spousal consent in accordance with §842.606; and
(iii) The marriage at the time of retirement was to the same person who would receive a current spouse annuity based on the post-retirement election.
(c)(1) Qualifying court orders prevent payment of current spouse annuities to the extent necessary to comply with the court order and §842.613.
(2) If an election under this section causes the total of all current and former spouse annuities provided by a qualifying court order or elected under §842.604, §842.611, or this section to exceed the maximum survivor annuity permitted under §842.613, OPM will accept the election but will pay the portion in excess of the maximum only when permitted by §842.613(c).
(d)(1) Except as provided in paragraph (d)(2) or (e)(3) of this section, a retiree making an election under this section must deposit an amount equal to the difference between the amount of annuity actually paid to the retiree and the amount of annuity that would have been paid if the reduction elected under paragraphs (a) or (b) of this section had been in effect continuously since the time of retirement, plus 6 percent annual interest, computed under §841.606 of this chapter, from the date when each difference occurred.
(2) An election under this section may be made without deposit, if that election prospectively voids an election of an insurable interest annuity.
(e)(1) An election under this section is irrevocable when received by OPM.
(2) An election under this section is effective when the marriage duration requirements of §843.303 of this chapter are satisfied.
(3) If an election under paragraph (a) or (b) of this section does not become effective, no deposit under paragraph (d) of this section is required.
(4) If payment of the deposit under paragraph (d) of this section is not required because the election never became effective and if some or all of the deposit has been paid, the amount paid will be returned to the retiree, or, if the retiree has died, to the person who would be entitled to any lump-sum benefits under the order of precedence in section 8424 of title 5, United States Code.
(f) Any reduction in an annuity to provide a current spouse annuity will terminate effective on the first day of the month after the marriage to the current spouse ends, unless—
(1) The retiree elects, within 2 years after a divorce terminates the marriage, to continue the reduction to provide for a former spouse annuity; or
(2) A qualifying court order requires the retiree to provide a former spouse annuity.
(g) The amount of the reduction to provide a current spouse annuity under this section equals—
(h) If a retiree who is receiving a reduced annuity to provide a former spouse annuity and who has remarried that former spouse (before the former spouse attained age 55) dies, the retiree will be deemed to have elected to continue the reduction to provide a current spouse annuity unless the retiree requests (or has requested) in writing that OPM terminate the reduction.
[57 FR 54680, Nov. 20, 1992, as amended at 60 FR 14202, Mar. 16, 1995]
(c) Upon termination of former spouse annuity payments because of death or remarriage of the former spouse, or by operation of a court order, the current spouse will be entitled to a current spouse annuity or an increased current spouse annuity if—
(1) The employee or Member died while employed in a position covered under FERS; or
(3) The current spouse married a retiree after retirement and the retiree elected, under §842.612, to provide a current spouse annuity for that spouse in the event that the former spouse annuity payments terminate.
If a court order or the death of a current or former spouse results in providing less than the maximum permitted survivor reduction under §842.613, the reduction in the employee's annuity will be 10 percent of the amount of the employee's annuity on which the survivor benefits will be computed (called the “base”).
(a) The deposits required to elect reduced annuities under §§842.610, 842.611, and 842.612 are not annuity overpayments and their collection is not subject to waiver.
(b) Actuarial reduction in annuity of retirees who make post-retirement elections to provide a current spouse annuity or a former spouse annuity. (1) The annuity reduction required by paragraph (b)(2) of this section applies to all retirees who are required to pay deposits under §842.611 or §842.612 and have not paid any portion of the deposit prior to October 1, 1993, or from annuity accruing before that date.
(2) Retirees described in paragraph (b)(1) of this section must have a permanent annuity reduction computed under paragraph (b)(4) of this section.
(3) A reduction under paragraph (b)(2) of this section commences on the same date as the annuity reduction under §842.611 or §842.612.
(4) The annuity reduction under paragraph (b)(2) of this section is equal to the lesser of—
(i) The amount of the deposit under §842.611 or §842.612 divided by the present value factor for the retiree's age on the commencing date of the reduction under paragraph (b)(3) of this section (plus any previous reduction(s) in the retiree's annuity required under paragraph (b)(2) or (c)(2) of this section); or
(ii) Twenty-five percent of the rate of the retiree's self-only annuity on the commencing date of the reduction (under paragraph (b)(3) of this section).
(5)(i) The reduction under paragraph (b)(2) or paragraph (c)(2) of this section terminates on the date that the retiree dies.
(ii) If payment of a retiree's annuity is suspended or terminated and later reinstated, or if a new annuity becomes payable, OPM will increase the amount of the original reduction computed under paragraph (b)(4) or paragraph (c)(4) of this section by any cost-of-living adjustments under section 8462 of title 5, United States Code, occurring between the commencing date of the original reduction and the commencing date of the reinstated or new annuity (but the adjusted reduction may not exceed 25 percent of the rate of the reinstated or new self-only annuity).
(c) Post-retirement survivor election deposits that were partially paid before October 1, 1993. (1) The annuity reduction required by paragraph (c)(2) of this section applies to all retirees who are required to pay deposits under §842.611 or §842.612 and have paid any portion (but not all) of the deposit prior to October 1, 1993, or from annuity accruing before that date.
(2) Retirees described in paragraph (c)(1) of this section must have a permanent annuity reduction computed under paragraph (c)(4) of this section.
(3) A reduction under paragraph (c)(2) of this section commences on October 1, 1993.
(4) The annuity reduction under paragraph (c)(2) of this section is equal to the lesser of—
(i) The amount of the principal balance remaining to be paid on October 1, 1993, divided by the present value factor for the retiree's age on October 1, 1993; or
(ii) Twenty-five percent of the rate of the retiree's self-only annuity on October 1, 1993.
(5)(i) The reduction under paragraph (c)(2) of this section terminates on the date that the retiree dies.
(d) For retirees who die before October 1, 1993, any unpaid portion of the deposit required under §842.611 or §842.612 will be collected from the survivor annuity (for which the election required the deposit) before OPM pays any survivor annuity.
[52 FR 2061, Jan. 16, 1987, as amended at 58 FR 52883, Oct. 13, 1993]
When OPM publishes in the Federal Register notice of normal cost percentages under §841.407, it will also publish updated present value factors.
[82 FR 49282, Oct. 25, 2017]