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  • Starting in January 2021, we’re making the process easier for participants. If you’re turning 50 or older and are eligible for catch-up, you’ll no longer need to make separate catch-up elections to your TSP account. To learn how to make these contributions next year, visit Catch-up contributions.


The information we’re providing here is current but subject to change as we receive additional guidance and information.

Loan options for participants affected by COVID-19

Temporary loan options made possible by the CARES Act for TSP participants affected by COVID-19 are now available. Read below for more information.

Withdrawal options

The CARES Act also allows us to offer a temporary withdrawal option to participants affected by COVID-19. Learn more.

Definitions and eligibility

To be eligible for the CARES Act loan options, you must be a qualified individual. You’re a qualified individual if you meet at least one of the following criteria listed in the CARES Act. When you apply for either loan option, you are self-certifying that you meet one or more of these conditions. To protect your privacy, do NOT send supporting documentation with your application, especially medical information.

Increased maximum loan amount

The maximum loan amount on a general purpose loan is increased from $50,000 to $100,000, and the portion of your available balance you can borrow is raised from 50% to 100%. All of the other rules on TSP loans apply, including that you may not have more than one general purpose loan at the same time. A loan with the increased maximum amount allowed under the CARES Act is still a general purpose loan. To apply, log in to My Account and use the online tool. The deadline for applying is September 22, 2020.

Temporary suspension of loan payments

You may suspend your obligation to make payments on your TSP loan or loans for the rest of calendar year 2020. This applies to existing loans and loans taken between now and November 30, 2020. To apply, complete and submit Form TSP-46, CARES Act Loan Suspension Request. Carefully read all of the instructions on the form before submitting.

If you are planning to apply for a loan now or in the near future, apply for the loan first and wait for it to be processed before submitting Form TSP-46. Do this whether or not you have an existing loan.1 Filing Form TSP-46 at the same time as you apply for loan or at any time before your loan application is processed may cause your loan application to be rejected. If you have two loans when you file Form TSP-46, the payment suspension will apply to both of them.

  1. Note that you may only have one residential loan and one general purpose loan from the same account at the same time.