Methods for rolling over eligible rollover distribution to the TSP.

CFR · 2024-01-01 · US · Title 5

(a) (2) If the distribution is from a Roth account maintained by an eligible employer plan, the plan administrator must also provide to the TSP record keeper a statement indicating the first year of the participant's Roth 5 year non-exclusion period under the distributing plan and either: (i) The portion of the direct rollover amount that represents Roth contributions ( (ii) A statement that the entire amount of the direct rollover is a qualified Roth distribution (as defined by Internal Revenue Code section 402A(d)(2)). (b) (1) The participant must request to roll over the amounts in the form and manner prescribed by the TSP record keeper. (2) The administrator or trustee must provide to the TSP record keeper information about the type of money included in the distribution ( (3) The participant must submit a certified check, cashier's check, cashier's draft, money order, treasurer's check from a credit union, or personal check, made out to the “Thrift Savings Plan,” for the entire amount of the rollover, along with any other information required by the TSP record keeper. A participant may roll over the full amount of the distribution by making up, from his or her own funds, the amount that was withheld from the distribution for the payment of Federal taxes. (4) The transaction must be completed within 60 days of the participant's receipt of the distribution from his or her eligible employer plan or traditional IRA. The transaction is not complete until the TSP record keeper

official document · source cfr-2024 · id 5:§ 1600.31