Voluntary Contribution Account principal after your death?


What happens to the principal, example:$10K, in a Voluntary Contribution Account after you have received annuities equal to or exceeding the principal and you then die. Do the beneficiaries receive $10K or $0 ?

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Posted by (Questions: 1, Answers: 0)
Asked on July 24, 2018 7:47 pm
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If the retired employee and any designated survivor annuitant die without having received the total amount of voluntary contributions with interest as additional annuity payments, OPM pays any remaining monies in a lump sum to the person or persons entitled under the normal order of precedence.

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Posted by (Questions: 0, Answers: 353)
Answered on July 24, 2018 9:42 pm