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When you're ready to start claiming Social Security retirement benefits, including spouse benefits, or apply for survivor benefits or Medicare coverage, the Social Security Administration makes it...
Disabled spouses claiming in their 50s will also receive a reduction of up to around 30%, and those caring for a qualifying child may have their benefit reduced by 25%. Keep in mind that these ...
Survivor benefits are a type of Social Security that's provided to families following the death of a wage earner. These payments are designed to offer financial continuity and support to the ...
The United States Office of Personnel Management (OPM) is an independent agency of the United States government that manages the United States federal civil service.The agency provides federal human resources policy, oversight, and support, and tends to healthcare (), life insurance (), and retirement benefits (CSRS and FERS, but not TSP) for federal government employees, retirees, and their ...
Employees hired after 1983 are required to be covered by the Federal Employees Retirement System (FERS), which is a three tiered retirement system with a smaller defined benefit (pension), Social Security, and a 401(k)-style system called the Thrift Savings Plan (TSP). The defined benefits of both the CSRS and the FERS systems are paid out of ...
“Ex-spouses who were married at least 10 years before divorcing may be able to collect survivor benefits up to 100% of their benefit amount even if the ex [was] remarried,” Sherwood said.
Most new federal employees hired on or after January 1, 1987, are automatically covered under FERS. Those newly hired and certain employees rehired between January 1, 1984, and December 31, 1986, were automatically converted to coverage under FERS on January 1, 1987; the portion of time under the old system is referred to as "CSRS Offset" and only that portion falls under the CSRS rules.
The wage earner may benefit from delaying benefits until age 70, but the spouse applying for benefits won’t. For those looking to max out their spousal benefit, one course of action is obvious.