Federal Register #OPM-2026-0367

Regulatory Update: Revision of Survivor Annuity Reduction Factors under FERS

This opportunity concerns a regulatory update by the Office of Personnel Management (OPM) regarding survivor annuity calculations under the Federal Employees' Retirement System (FERS): - Government Buyer: - Office of Personnel Management (OPM) - No OEMs or vendors are involved, as this is not a procurement action - No products or services are being requested or purchased - Key Regulatory Changes: - Revises the table of reduction factors for early commencement of survivor annuities for spouses of separated employees who die before eligibility for unreduced deferred annuities - Maintains the annuity factor for spouses of deceased employees who die in service and elect to receive the basic employee death benefit in 36 installments - Updates are based on new actuarial assumptions from the Board of Actuaries of the Civil Service Retirement System - Removes a column from the factor table for individuals born from 1950 through 1966, as they have reached minimum retirement age - No procurement-relevant requirements, products, or services are included in this notice

Description

The Office of Personnel Management (OPM) is revising the table of reduction factors for early commencing dates of survivor annuities for spouses of separated employees who die before the date on which they would be eligible for unreduced deferred annuities. The annuity factor for spouses of deceased employees who die in service when those spouses elect to receive the basic employee death benefit in 36 installments under the Federal Employees' Retirement System (FERS) Act of 1986 remains unchanged. This rule is effective August 24, 2026, unless significant adverse comments are received by July 23, 2026. If significant adverse comments are received, OPM will publish a timely withdrawal of the rule and issue a notice of proposed rulemaking.

View original listing