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.
Additional Information on the Thrift Savings Plan
Read more about the Thrift Savings Plan by visiting the Federal Retirement Thrift Investment Board's website at www.tsp.gov(external link). You can reach them by telephone on 1-877-968-3778 or write to them at:
General Forms and Correspondence:
Fax Number: 1-866-817-5023
Mailing Address:
Thrift Savings Plan
P.O. Box 385021
Birmingham, AL 35238
Court Orders and Legal Process Actions (only):
Fax Number: (703) 592-0151
Mailing Address:
TSP Legal Processing Unit
Fairfax Post Office
CODIS - P.O. Box 4390
Fairfax, VA 22038-9998
Overnight Delivery:
Attn: TSP Legal Processing Unit
12219 Fairfax Town Center
Unit 906
Fairfax, VA 22033
Death Benefits Claims (only):
Fax Number: (703) 592-0170
Mailing Address:
TSP Death Benefits Processing Unit
Fairfax Post Office
DEDIS - P.O. Box 4450
Fairfax, VA 22038-9998
Overnight Delivery:
Attn: TSP Death Benefits Processing Unit
12219 Fairfax Town Center
Unit 906
Fairfax, VA 22033
Withdrawing money from the Thrift Savings Plan (TSP):
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:
Widow or widower.
If none of the above, child or children and descendants of deceased children by representation.
If none of the above, retiree's parents or to the surviving parent.
If none of the above, the executor or administrator of the retiree's estate.
If none of the above, to any other of the retiree's next of kin who is entitled under the laws of the state in which the retiree resided at death.