It's reduced but the actual reduction is based on your age and the age of your beneficiary.

It's the same.

I think it should be same if it is FERS.

I am currently a federal employee on FERS. I'm planning for retirement but considering opportunities at Federal Reserve Board. Can any former or current Federal Reserve employee tell me the Survivor Benefit cost? For FERS employees the cost is 10% for a 50% Survivor Annuity. Just wondering if it's the same for the Federal Reserve Retirement Pension Plan.

Thank You!