FERS Retirees Get Updated Benefit Calculation Factors
Published Date: 6/23/2026
Notice
Summary
Starting October 1, 2026, some federal retirees will see updated numbers used to calculate their retirement benefits, especially if they choose survivor benefits for a new spouse, pick an alternative annuity, or count special service time. These changes reflect new economic and life expectancy info to keep things fair and balanced. If you’re retiring soon or already retired under FERS, these updates could affect your monthly payments.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 0 costs, 3 mixed.
Alternative Annuity Reduction Changes
If you are retiring under FERS and elect an alternative form of annuity, OPM will use revised present value factors starting October 1, 2026 to compute the actuarial reduction. These factors (effective for annuities commencing on or after October 1, 2026) replace the tables previously published and will determine the monthly reduction applied when you choose an alternative annuity.
Post-Retirement Marriage Survivor Rule Update
If you are a FERS retiree who later marries and elects to provide a survivor annuity based on that post-retirement marriage, OPM will apply revised present value factors to compute the permanent actuarial reduction beginning for reductions that commence on or after October 1, 2026. The notice explicitly states these revised factors will translate prior deposit amounts into lifetime reductions effective October 1, 2026.
NAFI Service Credit Computation Change
If you elect to receive credit for certain nonappropriated fund instrumentality (NAFI) service under 5 U.S.C. 8461(n) or related provisions, the revised present value factors will apply to deficit computations with a computation date on or after October 1, 2026. The notice states the new factors apply where the date of computation under 5 CFR 847.603 or 847.809 is on or after October 1, 2026.
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