In May I became eligible to resign from my Federal job with 20 years of service at age 56. I am under the FERS system. I plan to postpone my pension and health care until I am 60 to avoid a reduction in my pension.
I have been in a same sex relationship for close to 26 years. When I resigned a decision by the Supreme Court to repeal DOMA had not been made. The repeal allows same sex marriages survivor benefits for the pension and health coverage for Federal employees.
My partner and I were not married when I retired. After DOMA was repealed my partner and I drove up to Washington state and married.
I had read over the OPM website numerous times and I had spoken to HR before retiring and laid out my situation. Early this morning I was again looking at the OPM website. I discovered that I needed to be married to my spouse before retiring in order for the spouse to receive survivor benefits in the event that I die before I begin collecting the pension. I guess I skipped over that information in the past because same sex marriage was not recognized at the federal level. I am really bummed.
The issue is that if I die before my pension begins, my spouse will have no access to my pension or health care insurance. I have emailed OPM to ask for clarification, but it will take 30 - 40 days to receive a response. In the meantime, I have come up with two workarounds:
1. I could file the paper work to begin collecting my pension now and add my spouse for survivor benefits. This would result in a 5% reduction for every year I am under the age of 62 - almost 30%. Then there will also be the reduction for the survivor benefits.
2. I could apply for life insurance through a private company and carry it for 4 years, then start the pension at age 60 as planned. I am in good health except for a brain aneurysm that I had treated in 2002 and possibly high cholesterol. Maybe they would exclude coverage for any aneurysm related death?
I am really kicking myself for retiring before the decision on DOMA and for not reading the details for married couples more carefully. I did all this planning then botched up a really important part of it.
Does anyone have any ideas on anything else I could do at this point?
-helen
I have been in a same sex relationship for close to 26 years. When I resigned a decision by the Supreme Court to repeal DOMA had not been made. The repeal allows same sex marriages survivor benefits for the pension and health coverage for Federal employees.
My partner and I were not married when I retired. After DOMA was repealed my partner and I drove up to Washington state and married.
I had read over the OPM website numerous times and I had spoken to HR before retiring and laid out my situation. Early this morning I was again looking at the OPM website. I discovered that I needed to be married to my spouse before retiring in order for the spouse to receive survivor benefits in the event that I die before I begin collecting the pension. I guess I skipped over that information in the past because same sex marriage was not recognized at the federal level. I am really bummed.
The issue is that if I die before my pension begins, my spouse will have no access to my pension or health care insurance. I have emailed OPM to ask for clarification, but it will take 30 - 40 days to receive a response. In the meantime, I have come up with two workarounds:
1. I could file the paper work to begin collecting my pension now and add my spouse for survivor benefits. This would result in a 5% reduction for every year I am under the age of 62 - almost 30%. Then there will also be the reduction for the survivor benefits.
2. I could apply for life insurance through a private company and carry it for 4 years, then start the pension at age 60 as planned. I am in good health except for a brain aneurysm that I had treated in 2002 and possibly high cholesterol. Maybe they would exclude coverage for any aneurysm related death?
I am really kicking myself for retiring before the decision on DOMA and for not reading the details for married couples more carefully. I did all this planning then botched up a really important part of it.
Does anyone have any ideas on anything else I could do at this point?
-helen