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What Is a Thrift Savings Plan?
The TSP-17 form is a document used by the Federal Retirement Thrift Investment Board (FRTIB) to designate beneficiaries for a Thrift Savings Plan (TSP) account. It is a vital form that every TSP account holder should fill out to ensure that their beneficiaries receive the benefits they are entitled to in the event of their passing.
The TSP-17 form is an essential document because without it, the FRTIB will distribute your TSP account balance based on the legal order of precedence, which means your account balance may go to someone other than who you intended to receive it.
How To Fill Out the TSP-17 Form Online
The TSP-17 form can be filled out and submitted online through the TSP website. Here are the steps you ought to follow:
- Visit the PDFliner website.
- Find and get a copy of the TSP-17 fillable form.
- Open the TSP form 17 online and follow the instructions.
- Enter the required information for each beneficiary, including their full name, relationship to you, and percentage of the account balance you want to allocate to them.
- Verify that the information you entered is accurate and submit the form.
What Should the Thrift Savings Plan TSP-17 Form Include
The TSP 17 form should include the following information:
- Full name of the TSP account holder
- Social Security number of the TSP account holder
- TSP account number
- Full name and relationship to the TSP account holder of each beneficiary
- Percentage of the account balance that should be allocated to each beneficiary
- The date the form was signed
- The TSP account holder's signature
Please also remember to ensure that all information entered on the TSP-17 form is accurate and up-to-date. Any errors or omissions could result in the FRTIB distributing your account balance to the wrong beneficiaries.
When to Request the TSP-17 Form
Here are some situations when TSP account holders should request the TSP-17 form:
- When opening a new TSP account
- When reviewing and updating beneficiary designations after a significant life event, such as marriage, divorce, or the birth of a child
- When a TSP account holder wants to change their current beneficiary designations
- When a TSP account holder wants to add or remove a beneficiary from their current designations
- When a TSP account holder's designated beneficiaries pass away before they do
- When a TSP account holder wants to ensure that their beneficiary designations are accurate and up-to-date.
Where to mail form TSP-17?
If a TSP account holder prefers to submit a paper version of the TSP-17 form instead of completing it online, they can mail it to the following address:
TSP Death Benefits Processing Unit
Fairfax Post Office
DEDIS — P.O. Box 4450
Fairfax, VA 22038-9998
It is important to ensure that the form is filled out completely and accurately, signed and dated, and that it is mailed to the correct address to avoid any delays in the processing of the form. Additionally, TSP account holders may want to consider sending the form by certified mail or another traceable method to confirm that it was received by the FRTIB.
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Fillable online TSP-17 Form