5 C.F.R. § 1604.8   Death benefits.


Title 5 - Administrative Personnel


Title 5: Administrative Personnel
PART 1604—UNIFORMED SERVICES ACCOUNTS

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§ 1604.8   Death benefits.

The account balance of a deceased service member will be paid as described at 5 CFR part 1651, with the following exceptions:

(a) Separate accounts. To designate a beneficiary for a TSP death benefit, a service member must file a valid beneficiary designation form. If the TSP maintains a service member account and a civilian account for an individual, a separate beneficiary designation form must be filed for each account.

(b) Combat zone contributions. If a service member account contains combat zone contributions, the death benefit payment will be made pro rata from all sources.

(c) Trustee-to-trustee transfers. The surviving spouse of a TSP participant can request the TSP to transfer a death benefit payment to a traditional IRA or eligible employer plan. The share of the death benefit payment that is attributable to combat zone contributions (if any) can be transferred only if the IRA or plan accepts such funds.

(d) Transfer to a TSP account. If the TSP maintains an account for a death benefit beneficiary who is the surviving spouse of the participant, the spouse can request the TSP to transfer the death benefit payment to his or her TSP account; the share attributable to combat zone contributions (if any) cannot be transferred into a civilian account.

[66 FR 50713, Oct. 4, 2001, as amended at 70 FR 32209, June 1, 2005]

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