• We've redesigned our web experience with you in mind. Take a look and tell us what you think.

    Visit beta.tsp.gov.

  • Desktop browser and smartphone displaying redesigned homepage of tsp.gov

Resources

Calculators:

Publications:

Online tools:

  • TSP-99, Withdrawal Request for Separated and Beneficiary Participants

Annuity Types

The TSP, through its annuity provider, offers the following annuity options:

  • Single life annuity
  • Joint life annuity with your spouse or with someone other than your spouse

Single Life Annuity

A single life annuity is an annuity that provides a monthly benefit or amount only to you for as long as you live. It ceases to pay after your death unless you elect the ten-year certain option or the cash refund option.

Joint Life Annuity

A joint life annuity is an annuity that provides a monthly benefit or amount to you while you and the person with whom you choose to share your annuity (your "joint annuitant") are alive. When either you or your joint annuitant dies, the annuity will continue to pay monthly to the survivor for the rest of his or her life. (If you elect the cash refund feature, a beneficiary may receive a payment after you and your joint annuitant have died.)

In most cases, participants choose their spouse as the joint annuitant. If you choose someone other than your spouse as your joint annuitant, he or she must be either a former spouse or someone with an insurable interest in you. This means that the person is financially dependent on you and could reasonably expect to derive financial benefit from your continued life. Blood relatives or adopted relatives (but not relatives by marriage) who are closer than first cousins are presumed to have an insurable interest in you.

The amount of the monthly payment while you and your joint annuitant are alive and the amount of the payment to the survivor depend on whether you choose a 100 percent or a 50 percent annuity.

100 Percent Survivor Annuity. The amount of the monthly annuity payment to the survivor is the same as the annuity payment made while you and your joint annuitant are alive.

50 Percent Survivor Annuity. The amount of the monthly payment to the survivor - whether the survivor is you or your joint annuitant - is cut to 50% of the monthly annuity payment made while both you and your joint annuitant are alive. For example, if your monthly annuity payment is $600 while both you and your joint annuitant are alive, it will be reduced by half, to $300 per month, when either you or your joint annuitant dies.

If you name a joint annuitant other than your spouse who is more than 10 years younger than you, you must choose a joint life annuity with the 50 percent survivor benefit.

For more information about joint annuitants, refer to the TSP fact sheet Annuities. It is available on this website or through the ThriftLine.

Annuity Payment Options

Once you have chosen either a single life or a joint life annuity, you must decide whether you want to receive level or increasing payments. Review these carefully to select the options and features that best suit your needs.

Level Payments

If you choose level payments, the amount of the monthly annuity payment remains the same from year to year.

Increasing Payments

If you choose increasing payments, the amount of the monthly annuity payment will increase by 2% each year on the anniversary date of the first payment. (Payments from TSP annuities purchased before March 2, 2020, increase annually between 0% and 3% based on the Consumer Price Index.) Be aware that for this option, when the annuity payments start, they will be smaller than they would have been if you had selected level payments, but they will increase every year.

You can choose increasing payments when you select a single life annuity or a joint life annuity with spouse. You cannot choose increasing payments when the joint annuitant is not your spouse.

Providing for Beneficiaries

Two additional features are available to you if you want to provide payments to the beneficiary, or beneficiaries, you name in the annuity section of your TSP withdrawal form. Keep in mind that when you choose additional features, your monthly annuity payments will be less than they would have been had you not chosen any.

Cash Refund

If you (and your joint annuitant, if applicable) die before the amount of your TSP balance used to purchase your annuity has been paid out, the remaining amount will be paid to your beneficiary, or beneficiaries, in a lump sum.

You can add this feature if you purchase a single life or a joint life annuity, and with level or increasing payments.

Ten-Year Certain

If you die before receiving annuity payments for a 10-year period, your monthly annuity payments will continue to your named beneficiary, or beneficiaries, until the 10-year period is met. If you live beyond the 10-year period, you will continue to receive payments, but no annuity payments will be made to your beneficiaries when you die.

You can add the ten-year certain feature if you purchase a single life annuity with either level or increasing payments. You cannot choose this option if you purchase a joint life annuity.

Summary of TSP Annuity Options and Features

Single LifeJoint Life with Spouse*Joint Life with Other Survivor
Level
Payments
Increasing
Payments
Level
Payments
Increasing
Payments
Level
Payments
with no additional features with no additional features 100% survivor annuity 100% survivor annuity 100% survivor annuity**
or or or or or
with cash refund feature with cash refund feature 50% survivor annuity 50% survivor annuity 50% survivor annuity
or or or or or
with 10-year certain feature with 10-year certain feature 100% survivor annuity with cash refund 100% survivor annuity with cash refund 100% survivor annuity with cash refund**
or or or
50% survivor annuity with cash refund 50% survivor annuity with cash refund 50% survivor annuity with cash refund
*A married FERS or uniformed services participant must obtain his or her spouse's waiver of the spouse's survivor annuity benefit if an option is chosen other than Joint Life with Spouse, with level payments and 50% survivor annuity.
**Available if joint annuitant is not more than 10 years younger than the participant.

Changing your contributions? Save at least 5% to get your full match.

Don't walk away from free money! If you are a FERS or BRS participant, your agency or service matches your contributions — up to 4% if you contribute 5% each pay period. Furthermore, when you add the Agency/Service Automatic (1%) Contributions to your matching contributions, you'll double your 5% investment instantly.

See how easy it is to complete this form.

Let our online wizard help you with your beneficiary designation. Based on your answers to a series of questions, it will prefill the appropriate sections of your form and help you avoid mistakes that could cause your form to be delayed or rejected.

Are you separated from federal employment?

If you are separated from federal employment, you may change your address online at My Account: Profile Settings. You will need to enter your TSP account number and your web password to make this change. You may also call the ThriftLine to change your address. Active participants must notify your agency or service when you have an address change.

You cannot use this form to change your address. As a current federal employee or service member, you must change your address through your agency or service.

Are you separated from federal employment?

To change your name, you will need to provide documentation to the TSP. See the instructions on the form for documentation requirements.

You cannot use this form to change your name. As a current federal employee or service member, you must change your name through your agency or service.

Thinking of taking a loan? Please watch this first.

  • Log in to My Account and access the online wizard under "TSP Loans" to help you with your loan request.

Automatic Enrollment Refund Request

You must submit this form within 90 days of the date of the first contribution of your automatic enrollment. Has it been less than 90 days since your first contribution?

You are ineligible to receive an automatic enrollment refund. Please call the ThriftLine if you have any questions.

See how easy it is to complete this form.

Let our online wizard help you complete your court order. Based on your answers to a series of questions, it will prefill the appropriate sections of your form and help you avoid mistakes that could cause your form to be delayed or rejected.