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§ 831.2005 Designation of beneficiary for lump-sum payment
Regulation
5 CFR 831.2005
Text
5 passages
5 CFR 831.2005(a)(a) The Designation of Beneficiary must be in writing, signed, and witnessed,and received in OPM before the death of the designator.
5 CFR 831.2005(b)(b) No change or cancellation of beneficiary in a last will or testament, or in any other document not witnessed and filed as required by this section, has any force or effect.
5 CFR 831.2005(c)(c) A witness to a Designation of Beneficiary is ineligible to receive payment as a beneficiary.
5 CFR 831.2005(d)(d) Any person, firm, corporation, or legal entity may be named as beneficiary.
5 CFR 831.2005(e)(e) A change of beneficiary may be made at any time and without the knowledge or consent of the previous beneficiary, and this right cannot be waived or restricted.
About
- Type
- Regulation section
- Citation
- 5 CFR 831.2005
- Last amended
- 2017-01-01
Amendment history
- 2017-01-01Designation of beneficiary for lump-sum payment