Does FERS survivor benefit cost reduce earned income?
I plan to retire in about 5 years. Saw the survivor benefit for spouse is 5% for 25% of pension upon death and 10% for 50% of pension upon death.
Is the 5% / 10% pension reduction a pretax cost and not part of your retirement income?
If elect 5% and spouse dies first, can you remove that pension reduction or is it a one time thing?
Just starting the financial retirement planning journey.
u/Neat_Plum_202 — 5 days ago