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The document is the Thrift Savings Plan (TSP) Form TSP-3, which allows federal employees and uniformed service members to designate beneficiaries for their TSP accounts upon their death. It outlines the process for naming primary and contingent beneficiaries, the importance of completing the form correctly, and the implications of beneficiary designations. The form remains valid until a new designation is submitted or all prior designations are canceled. It also provides instructions for mailing or faxing the completed form and emphasizes that a will cannot be used to designate TSP beneficiaries.

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Versions	Form popularity	Fillable & printable
2017	4.8 Satisfied (164 Votes)
2011	4.3 Satisfied (50 Votes)
2010	4 Satisfied (51 Votes)
2008	4 Satisfied (51 Votes)
2007	4 Satisfied (20 Votes)

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What are the new rules for TSP beneficiaries?

ing to Weaver, TSP regulations changed on June 1, 2022, and going forward all primary beneficiaries must be deceased before the TSP will pay out to any contingent beneficiaries.

What is a TSP 3 form?

Designation of Beneficiary. October 2013. Thrift Savings Plan. Use this form to designate a beneficiary or beneficiaries to receive your Thrift Savings Plan (TSP) account after your death.

Does money automatically go to spouse after death?

Only about a third of all states have laws specifying that assets owned by the deceased are automatically inherited by the surviving spouse. In the remaining states, the surviving spouse may inherit between one-third and one-half of the assets, with the remainder divided among surviving children, if applicable.

Does a spouse automatically inherit TSP?

If there is no beneficiary designation and you die with a balance in your TSP account, the account will be distributed ing to the following order of precedence, which is required by law: spouse, then child or children equally (and any share due a deceased child divided equally among that childs descendants),

Is the TSP 3 form obsolete?

The TSP-3 Designation of Beneficiary Form is one of a long list of TSP forms that have been replaced and are being handled differently. Earlier this month, the Federal Retirement Thrift Investment Board announced new forms and online tools and declared prior versions of some old forms obsolete.

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What happens to TSP benefits when someone dies?

A beneficiary who is not a surviving spouse cannot retain a TSP account. The death benefit payment will be made directly to the beneficiary or to an inherited IRA. (See page 13 for more information.) If a beneficiary participant dies, the new beneficiary(ies) cannot continue to maintain the account in the TSP.

Who are the default beneficiaries for TSP?

If there is no beneficiary designation on file, the participants entire TSP account will be distributed as follows: To the participants spouse. If none, to the participants child or children equally, with the shares due a deceased child divided equally among that childs descendants.

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What are the new rules for TSP beneficiaries?

What is a TSP 3 form?

Does money automatically go to spouse after death?

Does a spouse automatically inherit TSP?

Is the TSP 3 form obsolete?

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What happens to TSP benefits when someone dies?

Who are the default beneficiaries for TSP?

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