As the new year rings in it is time to review your beneficiaries for all of your Postal Benefits. There are two primary areas that you will need to double check:
Life Insurance
Instead of going through the headache of trying to find out who you have listed as your beneficiary (which means reviewing your full OPF and all your SF-50’s) you can just send in a new form and the new form will supersede anything they have on file. You can find the form you will need to use here.
Once you have completed the form you will need to send 3 copies to Shares Services at the following address:
HRSSC/Compensation
P.O. Box 970400
Greensboro, NC 27497-0400
You will receive a stamped copy of the form back once the update is complete.
Thrift Savings Plan
To update your beneficiary with the TSP you will need to use form TSP 3. The instructions on how to fill out the form and where to send it are all included in the link. Again, by submitting this form it will supersede whatever you have on file so don’t worry about figuring out who you have listed right now.
The only exception you need to keep in mind pertains to divorces. Whatever your divorce decree states will take precedence over any designation of beneficiary you may indicate with the government.
If you have questions please feel free to ask and I want to wish all of you a happy new year!
