Check Your Designation of Beneficiary Forms For Accuracy
When was the last time you checked your beneficiary designations? Many employees do not realize they have several benefits designations to keep current. These forms include designations of beneficiaries for unpaid compensation, life insurance, retirement (CSRS or FERS), and the Thrift Savings Plan, TSP-3. You should periodically review your designations to ensure they remain current. You may want to consider reviewing your designations each year during the annual Benefits Open Season. You may view designations for unpaid compensation, life insurance, and FERS in your electronic Official Personnel Folder (eOPF). However, the CSRS and TSP beneficiary forms are not filed in your eOPF. The CSRS beneficiary forms are kept on file with the Office of Personnel Management, and the TSP beneficiary forms are kept on file with the TSP Service Office.
Once you have completed and signed the form(s) and have had them signed by two witnesses, the unpaid compensation, life insurance, and the FERS forms should be forwarded to the Benefits and Payroll Liaison Branch, Bldg 31/Rm B3C23. (Note: employees located in North Carolina may submit their forms to Brenda Morissette, Keystone/Rm 1105.) The CSRS and TSP forms should be mailed directly to the address indicated on each form. Please note that erasures, white-out, or cross-outs are not permitted on the designation forms. If you have questions, please notify your Benefits Contact.
If you die and do not have a designation on file, payments due will be distributed according to the established order of precedence upon your death. If you are satisfied with the normal order you do not need to file any designations. However, you may have an out-of-date designation on file. A designation will still be valid even if your relationship or family situation has changed. For instance, if you designated your spouse and you have since divorced, your former spouse is still your beneficiary unless you file a new Designation of Beneficiary Form, either canceling the previous one or designating someone else. Additionally, please know that the unpaid compensation designation form is no longer valid if you transfer to another Federal agency.
If you have questions about benefits, designations, or forms, please notify your Benefits Contact.