5 CFR 1651.17 - Disclaimer of benefits.
§ 1651.17
Disclaimer of benefits.
(a) Right to disclaim.
The beneficiary of a TSP account may disclaim his or her right to receive all or part of a TSP death benefit. If the disclaimant is a minor, the parent or guardian of the minor must sign the disclaimer.
(b) Valid disclaimer.
The disclaimer must expressly state that the beneficiary is disclaiming his or her right to receive either all or a stated percentage of the death benefit payable from the TSP account of the named participant and must be:
(2)
Signed or acknowledged, in the presence of a notary, by the person (or legal representative) disclaiming the benefit; and
(c) Invalid disclaimer.
A disclaimer is invalid if it is revocable or directs to whom the disclaimed benefit should be paid.
(d) Disclaimer effect.
The disclaimed share will be paid as though the beneficiary predeceased the participant, according to the rules set forth in § 1651.10.
[68 FR 35510, June 13, 2003, as amended at 75 FR 44066, July 28, 2010]
Title 5 published on 2013-01-01
no entries appear in the Federal Register after this date.
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