WebThe Civil Service Retirement Act, which became effective on August 1, 1920, established a retirement system for certain Federal employees. The Civil Service Retirement System … WebUnder the Civil Service Retirement System (CSRS): ... Divorce After Retirement If You Get Divorced After Retirement-Notify OPM of the divorce. If your annuity is currently …
Dividing Federal Retirement & Pensions in a Divorce (FERS, CSRS…
WebApr 7, 2014 · A former spouse of a federal employee may be entitled to a share of the employee’s retirement annuity under the Civil Service Retirement System (CSRS) or … WebSection 8341 Survivor Annuities under the Civil Service Retirement System (CSRS) Section 8342 Lump-sum benefits; designation of beneficiary; order of precedence under CSRS Section 8345 Payment of benefits; commencement, termination, and waiver of annuity under CSRS Section 8346 Exemption from legal process; recovery of payments … cis benchmarks server 2019
Court-Ordered Beneits for Former Spouses - United …
WebFederal government pensions through the Federal Employees Retirement System or Civil Service Retirement System fall under a specific set of federal divorce guidelines. However, Federal pensions and Thrift Savings Plans can be divided in much the same way as private pensions and 401(k) plans. WebOPM Rules for FERS and for CSRS. The OPM states the following for sharing a pension after a divorce: 1. The court order must direct OPM to pay a portion of the monthly CSRS or FERS benefits. The spouse’s share must be stated as a fixed amount, a percentage or a fraction of the annuity, or by a formula whose value is readily apparent from the ... WebFeb 1, 2024 · In contrast, even if a state court decree of divorce or annulment has awarded a share of a federal employee’s retirement annuity to a former spouse, Title 5 prohibits payment of any part of a ... cis benchmark xls download