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Brown Cafe Community Center
Introductions and Welcomes
Pension for beneficiaries
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<blockquote data-quote="ups79" data-source="post: 583003" data-attributes="member: 2004"><p>I explain this way. When I retired full retirement benefit would have been $2800.00/month. I elected to, if I died before my wife, take the 50% spousal pension. I ended up receiving $2492.00/month. If I died bfore her she will receive $1246.00/month. In directly in costing us $308.00/month to allow my wife to have this pension upon my death. It also depends on the age difference of the employee and the spouse. If she were to die before me, I would revert back to receiving $2800.00/month. What you have to determine is whether or not you want the full benefits(in which case she will have to approve with a signed document) and applied the difference to a life policy for her, or do you wanted to take either the 75% or 50% spousal benefit.</p></blockquote><p></p>
[QUOTE="ups79, post: 583003, member: 2004"] I explain this way. When I retired full retirement benefit would have been $2800.00/month. I elected to, if I died before my wife, take the 50% spousal pension. I ended up receiving $2492.00/month. If I died bfore her she will receive $1246.00/month. In directly in costing us $308.00/month to allow my wife to have this pension upon my death. It also depends on the age difference of the employee and the spouse. If she were to die before me, I would revert back to receiving $2800.00/month. What you have to determine is whether or not you want the full benefits(in which case she will have to approve with a signed document) and applied the difference to a life policy for her, or do you wanted to take either the 75% or 50% spousal benefit. [/QUOTE]
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