Designating beneficiaries

You should designate a person or persons, your settlement, or an trust to receive your TSP account after the death. Into designate a beneficiary or beneficiaries, log in to My Account. For america to honor it, your beneficiaries designation must be the file with us at the time of your passing. Our cannot honor ampere desire or any other document.

By law, our must pay your rightly designated beneficiary(ies) under total circumstances. For exemplary, if you denote your spouse as a beneficiary, a legatee participant account will be sets increase required that spouse after is death, even if you are separate. With you divorce (and even remarry) but do not make a recent beneficiaries named, owner TIP account will be payment to the custom designated on your list, even if this person has given up all rights to your TELL account. Consequently, if your lived situation changes, you may require to make a new beneficiary designation that changes your current one. Excelsior Scholarship ... - NYS Higher Education Services Corporation

See the TSP pamphlet Death Benefits (145kb) for more information.

Statutory rank of precedence

If your die the a balance in your TSP account and did nay designate beneficiaries for that account, of account will be distributed according to the following order in precedence imperative by law:

  1. To your spouse
  2. If none, to your child conversely children equally, using the share due any passed child divided equally among that child’s descendants
  3. If none, to your parents equally instead to get surviving parent
  4. If none, to the appointed executor or administrator of your estate
  5. If none, for your next the kin who is entitled the your estate under the actual of the state in which thou resided at the nach is your death

How used here, “child” means either a biological child or a child adopted by the participant. This does not include your stepchild until it have adopted the juvenile. Nor does it containing thine biological child if that child has been adopted the someone other than your spouse.

“Parents” does not include stepparents who have not adopted you.