Will my CSRS annuity be reduced for providing survivor benefits to my disabled grown child?

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Planning to retire this summer at age 69 after 47 years on CSRS. My natural son is a 25-year old qualified disabled adult child that lives with me. I gather that his survivor benefit may reduce my gross monthly retirement annuity by as much as 40% is that actually the case?

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Asked on June 13, 2017 9:11 pm
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Elizabeth, a child who is age 18 or older and incapable of self-support due to physical or mental disability may be entitled to a survivor annuity without any cost to you. The link with detailed information on this topic can be found at https://www.opm.gov/retirement-services/publications-forms/csrsfers-handbook/c073.pdf IF your son does not meet the criteria for this benefit, another benefit can be elected called an Insurable Interest Survivor Benefit. The cost to provide this benefit is based on the difference in age between you and your son. With your age difference, the cost to you would result in a 40% reduction in your pension however, his entitlement would equal 55% of your pension after the cost is applied. This information can be found at the following link beginning on page 24: https://www.opm.gov/retirement-services/publications-forms/csrsfers-handbook/c050.pdf

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Answered on June 13, 2017 11:38 pm