Entitlement to funds in a deceased participant's account.

CFR · 2024-01-01 · US · Title 5

(a) (1) To the beneficiary or beneficiaries designated by the participant in accordance with § 1651.3; (2) If there is no designated beneficiary, to the spouse of the participant in accordance with § 1651.5; (3) If there are no beneficiaries or persons as described in paragraphs (a)(1) and (a)(2) of this section, to the child or children of the participant and descendants of deceased children by representation in accordance with § 1651.6; (4) If there are no beneficiaries or persons as described in paragraphs (a)(1) through (a)(3) of this section, to the parents of the participant in equal shares or entirely to the surviving parent in accordance with § 1651.7; (5) If there are no beneficiaries or persons as described in paragraphs (a)(1) through (a)(4) of this section, to the duly appointed executor or administrator of the estate of the participant in accordance with § 1651.8; or (6) If there are no beneficiaries or persons as described in paragraphs (a)(1) through (a)(5) of this section, to the next of kin of the participant who is or are entitled under the laws of the state of the participant's domicile on the date of the participant's death in accordance with § 1651.9. (b) (1) If the participant requested a single life annuity with no cash refund or 10-year certain feature, the TSP record keeper will pay the funds as a death benefit in accordance with paragraph (a) of this section. (2) If the participant requested a single life annuity with a cash refund or 10-year certain

official document · source cfr-2024 · id 5:§ 1651.2