You are eligible to participate in TSP if you are:

• A Federal employee covered by the Federal Employees’ Retirement System (FERS)

• A Federal employee covered by the Civil Service Retirement System (CSRS)

• A member of the uniformed services including military and postal services and Ready Reserve

TSP Rollover Benefits 

You can rollover your TSP funds into a Traditional Fixed IRA or Annuity. TSP Rollovers offer you several advantages:

• Security: You can create an income stream that will last your lifetime.

• Flexibility: You can establish a number of interest generating strategies and income and withdrawal options.

• Guarantees: By setting up an annuity, you can preserve your principal even in a down market.

• Growth Potential: You can continue to grow tax-deferred income.

• Income: You can establish income options that include lifetime withdrawals, immediate access or a combination of both.

TSP Withdrawal Options 

You may make three types of withdrawals from your TSP: In-Service withdrawals, AgeBased withdrawals and withdrawals upon Separation or Retirement. In-Service Withdrawals:

 • Can only be made by participants who are still employed by the Federal Government. 

• Can only be made for two purposes:Age-based in-service withdrawals for participants who are older than 59 ½;Financial hardship in-service withdrawal for participants who can document hardship 

• Cannot be repaid. Once you have made an in-service withdrawal, you cannot return or repay the money; your account balance is permanently reduced. 

Age-Based Withdrawals: You can make an age-based in-service withdrawal anytime after you reach age 59½ as long as you are actively employed in Federal service. The following conditions govern age-based withdrawals: 

• You can only withdraw funds in which you are vested. 

• Your withdrawal must be at least $1,000 or the entire amount of your account balance if it is less than $1,000. 

• You may make only one age-based withdrawal while you are actively employed in Federal service. 

• If you make an age-based withdrawal, you will not be eligible for a partial withdrawal after separation from Federal service. Withdrawals After Leaving Federal Service When your service ends, you have three withdrawal choices: 

• Withdraw all your funds: Funds will be subject to taxes and a tax penalty if you are under 59 ½ years old. 

• Leave it in the TSP: You will no longer be able to make any contributions. If you do not withdraw your entire balance by age 70 ½, the Federal Government converts your account into a lifetime annuity. You can purchase a TSP annuity. 

• Take it with you: You can perform a TSP transfer or TSP rollover by rolling your funds into another qualified plan.

Types of TSP Loans

TSP loan rules allow for two types of TSP loans. General Purpose TSP Loans

• May be used for any purpose according to plan guidelines

• Do not require any documentation

• Require repayment in five (5) years

• May cover financial hardship situations Residential TSP Loans

• May only be used for the purchase or construction of a primary residence, which includes the following: House; Townhouse; Condominium; Shares in a cooperative housing corporation; Boat; Mobile home; Recreational vehicle

• Require documentation

• Require repayment in 10 to 15 years Note: You may have one general loan and one residential loan from your TSP account at any one time. You are eligible for TSP loans if you meet the following criteria:

• You are a current employee in a pay status.

• You must have at least $1,000 in employee contributions and associated earnings in your TSP.

• The balance of your paycheck after the loan payment and other deductions must equal at least 10% of your basic pay. • There is no court order against your TSP.

• FERS employees must obtain spousal consent.