Federal Register #2026-12584

OPM Notice: Adjusted Present Value Factors for CSRS Retirees

This notice from the Office of Personnel Management (OPM) announces adjustments to present value factors for certain Civil Service Retirement System (CSRS) retirees. - Issued by: Office of Personnel Management (OPM) - Applies to: - CSRS retirees electing survivor annuity benefits for a spouse after retirement - Retiring employees choosing the alternative form of annuity - Retirees owing redeposits for service ending before March 1, 1991 - Retirees electing to credit service with nonappropriated fund instrumentalities - Retirees with retirement coverage errors eligible for actuarial reduction under FERCCA - Purpose: Align present value factors with updated economic and demographic assumptions adopted by the Board of Actuaries - No products, services, OEMs, or vendors are involved - Not a procurement or contract opportunity

Description

The Office of Personnel Management (OPM) is providing notice of adjusted present value factors applicable to certain retirees under the Civil Service Retirement System (CSRS). This includes retirees who elect survivor annuity benefits based on post-retirement marriage, retiring employees who elect alternative forms of annuity, owe redeposits for service before March 1, 1991, or elect to credit certain service with nonappropriated fund instrumentalities. The notice also covers retirees with retirement coverage errors who can elect credit for service by taking an actuarial reduction under the Federal Erroneous Retirement Coverage Correction Act. The revised factors apply to survivor reductions or employee annuities commencing on or after October 1, 2026.

View original listing