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The Thrift Savings Plan (TSP) is a tax-deferred retirement savings and investment plan that offers Federal employees the same type of savings and tax benefits that many private corporations offer their employees under 401(k) plans. By participating in the TSP, Federal employees have the opportunity to save part of their income for retirement, receive matching agency contributions, and reduce their current taxes.
Read more about the Thrift Savings Plan by visiting the Federal Retirement Thrift Investment Board's website at www.tsp.gov. You can reach them by telephone on 1-877-968-3778 or write to them at:
Fax Number: 1-866-817-5023 Mailing Address:Thrift Savings PlanP.O. Box 385021Birmingham, AL 35238
Fax Number: (703) 592-0151 Mailing Address: TSP Legal Processing UnitFairfax Post OfficeCODIS - P.O. Box 4390Fairfax, VA 22038-9998
Overnight Delivery:SI International, Inc.Fair Oaks FacilityATTN: CODIS/TSP Legal Processing UnitSuite 70011781 Lee Jackson Memorial HighwayFairfax, VA 22033
Fax Number: (703) 592-0170 Mailing Address: TSP Death Benefits Processing Unit Fairfax Post OfficeDEDIS - P.O. Box 4450Fairfax, VA 22038-9998
Overnight Delivery: SI International, Inc.Fair Oaks FacilityATTN: DEDIS/TSP Death Benefits Processing UnitSuite 70011781 Lee Jackson Memorial HighwayFairfax, VA 22033
It may take up to eight weeks to process a withdrawal after all properly completed withdrawal forms and separation data have been received by the TSP Service Office. Further, the TSP Service Office cannot process a withdrawal election until they receive an Employee Data Record from your payroll office indicating that you have separated. An unpaid TSP loan may delay disbursement of the TSP account balance.
Your employer will provide you with information about your withdrawal options and the option to keep your money in the TSP. If you choose not to withdraw your funds, in the event of your death the TSP Service Office would pay the funds based on your written designation form on file. If you have not completed a designation form, payment would be made to your survivors as follows: