Federal Register #2026-12582

Notice of Adjusted Present Value Factors for FERS Retirees

This notice from the Office of Personnel Management (OPM) provides updated actuarial factors for the Federal Employees' Retirement System (FERS): - Issued by: Office of Personnel Management (OPM) - Purpose: Announces adjusted present value factors for certain FERS retirees - Applies to: - Retirees electing survivor annuity benefits for a spouse after retirement - Retiring employees choosing the alternative form of annuity - Retirees electing to credit service with nonappropriated fund instrumentalities - No OEMs, vendors, or commercial products/services are involved - The adjustment aligns with new economic and demographic assumptions adopted by the Board of Actuaries - Notice is informational and affects retirement benefit calculations, not a procurement opportunity

Description

The Office of Personnel Management (OPM) is providing notice of adjusted present value factors applicable to certain retirees under the Federal Employees' Retirement System (FERS). This includes retirees who elect to provide survivor annuity benefits to a spouse based on post-retirement marriage, retiring employees who elect the alternative form of annuity, or retirees who elect to credit certain service with nonappropriated fund instrumentalities. The notice is necessary to conform the present value factors to changes in economic and demographic assumptions adopted by the Board of Actuaries of the Civil Service Retirement System. The revised present value factors apply to survivor reductions or employee annuities commencing on or after October 1, 2026.

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