Eligibility and general rules for a TSP withdrawal.

CFR · 2024-01-01 · US · Title 5

(a) A participant who is separated from Government service can elect a distribution of all or a portion of his or her account balance by one or a combination of the distribution methods described in subpart B of this part. (b) A post-employment distribution will not be paid unless TSP records indicate that the participant is separated from Government service. The TSP record keeper will, when possible, cancel a pending post-employment distribution election upon receiving information from an employing agency that a participant is no longer separated. (c) A participant cannot make a full post-employment distribution of his or her account until any outstanding TSP loan has either been repaid in full or declared to be a loan foreclosure. An outstanding TSP loan will not affect a participant's eligibility for a partial post-employment distribution or an in-service withdrawal. (d) A separated participant who is reemployed in a position in which he or she is eligible to participate in the TSP is subject to the following rules: (1) A participant who is reemployed in a TSP-eligible position on or before the 31st full calendar day after separation is not eligible to withdraw his or her TSP account in accordance with subpart B of this part. (2) A participant who is reemployed in a TSP-eligible position more than 31 full calendar days after separation and (e) A participant who has not separated from Government service may be eligible to withdraw all or a portion of his or her account in a

official document · source cfr-2024 · id 5:§ 1650.2