Reply to 2 Feds, Divorce and Pension

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[quote=Anonymous][quote=Anonymous]OP here- to be clear, he and I would be happy to BOTH just keep our own pensions.

Nobody is mooching LOL[/quote]

You ARE keeping your own pensions.  That's why it's so stupid to give up your 50% right to his if he dies first.  The cost to each of you is that you both get 10% less than the full FERS annuity benefit.  So, if you outlive your ex-spouse, you would be giving up receiving 50% of his pension when he dies.  Statistically you are likely to outlive him.

If he outlives you, then he is entitled to receive 50% of your FERS pension.  It could happen that you die first, but it's less likely.  Therefore, OF COURSE he's happy to make a deal where he gives up the chance to have 50% of your pension when you die -- b/c it is more likely that you will outlive him.

He is NOT taking 50% of your pension while you are living.  You are not getting 50% of his pension while he is living.

This is long-term financial protection for you.  NO sane financial advisor or attorney would advise you to give up the survivor annuity.[/quote]

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