Q: I have a question about the TSP annuity. I am on the CSRS-offset plan, not the full CSRS or FERS, but a little of both, and a single parent of a daughter. My question is if I elect to take the TSP annuity after retirement and I die before using all of my contributions will it go to my adult daughter, my elected beneficiary? If not, what is the best option for me if I wanted to get the most of my tsp contributions, but also leave the money to my beneficiary if I did not use it all?
A: You will file a new beneficiary form if you elect the annuity and, if you die before recouping the purchase price (assuming you elect the cash refund feature), it will go to whomever you list on that form.
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