Voluntary Contribution Account principal after your death?

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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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Asked on July 24, 2018 7:47 pm
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Private answer

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: 399)
Answered on July 24, 2018 9:42 pm