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Online tools:

  • TSP-99, Withdrawal Request for Separated and Beneficiary Participants
Your Annuity Interest Rate
The annuity provider will use the interest rate index in effect for the month in which the annuity is purchased, which may not be the rate that was in effect when you sent in your request or when the TSP processed your request.

The process for purchasing an annuity using money from your TSP account is the same as for starting TSP installment payments or making a single withdrawal. Log into the My Account section of tsp.gov and click “Withdrawals and Changes to Installment Payments.” Then use the online tool for withdrawals. See the TSP booklet Withdrawing From Your TSP Account for Separated and Beneficiary Participants.

The minimum amount with which to purchase an annuity is $3,500. This minimum applies separately to each balance, traditional and Roth. That comes into play if you have both traditional and Roth balances and you choose not to have the money for your annuity purchase come solely from one balance or the other. When that happens, we take the money from your two balances “pro rata,” meaning in the proportion they make up of your total account balance. This pro rata distribution, combined with the $3,500 minimum, can create some situations you need to be aware of.

If you choose to have money for an annuity purchase taken from both your traditional balance and your Roth balance (the default option) the following rules apply:

  • If you are using your total account balance to purchase an annuity and one of the balances is at least $3,500 but the other is not, we will purchase an annuity with the balance that is at least $3,500 and pay the other balance directly to you as a cash payment.
  • If you are using a portion of your account to purchase an annuity and either of your balances holds less than $3,500, we will reject your request.
  • If the result of the pro rata calculation results in either the Roth portion or the traditional portion of the purchase being less than $3,500, we will proceed as if you do not have the minimum amount.
    • Example: You have $80,000 in your traditional balance and $20,000 in your Roth balance and you request an annuity purchase of $10,000. We would calculate that the withdrawal used to purchase the annuity must be $8,000 in traditional money and $2,000 in Roth money. Since that is less than $3,500, we would reject your request.

After the TSP receives all of the information and documentation necessary to purchase your annuity, we will generally process your annuity request and disburse the funds to the annuity provider within 10 business days. Once the funds for your annuity have been disbursed, you cannot cancel your annuity, change your annuity option, or change your joint annuitant.

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

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.

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