Get Sf3104 2020-2025

Surviving spouse, full retirement age or older — 100% of the deceased worker's benefit amount. Surviving spouse, age 60 — through full retirement age — 71½ to 99% of the deceased worker's basic amount. Surviving spouse with a disability aged 50 through 59 — 71½%.

It can take up to a year for a retirement fund death benefit to be paid out, as the trustees must ensure that all financial dependents are provided for.

A death benefit is a payout to the beneficiary of a life insurance policy, annuity, or pension when the insured person or annuitant dies. With life insurance policies, death benefits are not usually subject to income tax and named beneficiaries typically receive the death benefit as a lump-sum payment.

The form SF 3104, Application for Death Benefits Under the Federal Employees' Retirement System, is needed to collect information so that OPM can pay death benefits to survivors of Federal employees and annuitants.

The spouse may be eligible for the Basic Employee Death Benefit, which is equal to 50% of the employee's final salary (average salary, if higher), plus $15,000 (increased by Civil Service Retirement System cost-of-living adjustments beginning 12/1/87).

If a retiree dies, a lump-sum benefit equal to the annuity due the deceased but not paid before death may be payable. If no survivor annuity is payable based on the retiree's death, the balance of any retirement deductions remaining to the deceased retiree's credit in the Fund, plus any applicable interest, is payable.

Social Security's Lump Sum Death Payment (LSDP) is federally funded and managed by the U.S. Social Security Administration (SSA). A surviving spouse or child may receive a special lump-sum death payment of $255 if they meet certain requirements.

Variable Interest Rate: As with CSRS, the rate for 2023 will be 1.875%, up from 1.375%. Basic Employee Death Benefit: The initial $15,000 portion of the FERS death benefit, enacted when FERS was createdpayable to spouses, is increased by the CSRS cost of living adjustment.