Originally Posted by
Sloper
I can see it being 2 million depending on the age of the survivore. My point is Fedex doesn't give that benefit to you. You can elect the survivor benefit and what percentage they would receive. The cost for the survivor benefit is taken from the $130k you would receive without a survivor. When I run my numbers, the cost for the survivor benefit is around $1000/month.
If married when you retire, you are legally required by Fedex to take the minimum survivor benefit unless your spouse legally waives their right to your pension. It's roughly a 10% reduction based on the 50% slide down to spouse when you die.