one of several different features depending on what is chosen (single life or joint, survivor benefit, cash refund or "10-year certain"). A participant who requests a single and/or certain monthly payments may roll over their payment(s) into a qualifying retirement account. If an employee has both a traditional and a Roth account, withdrawals may be made from one or the other, or proportionally from both (but if one account reaches zero future withdrawals will be made from the other). For employees having multiple TSP accounts, the rules apply to each account separately. However, an employee cannot choose to withdraw from only certain funds (e.g. only from the C Fund), any withdrawals are made proportionally across all funds. Any funds remaining in a TSP account will accrue earnings and participants may make interfund transfer allocation changes to the balance. Payment at Death If a participant dies, then any unpaid balance is paid to the beneficiary(ies) designated. If the participant did not designate any beneficiary(ies), then the "statutory order of precedence" is used, as follows: To the widow or widower, To any surviving children (in equal shares) or their descendants, To any surviving parent or parents, To the court-appointed executor or administrator of the estate, To the next of kin as determined by the laws of the state where the employee/retiree lived at death. Notes References The text of this article has been adapted from TSP Uniserv Features ch#1, The Thrift Savings Plan 2004-02-20, a work of the United States government and thus in the public domain. External links Investment in the United States Retirement plans in the United States Civil service in the United States Tax-advantaged savings plans in the United States Federal Retirement Thrift Investment Board United States military pay and benefits