Skip to main content

Summary of changes

As we prepare to add new features to your TSP experience, we’re updating our Plan Summary and other publications with details about changes that come with these new TSP features. You’ll have those details the first week of June, after a brief transition period when transactions and services will be temporarily unavailable to ensure a smooth transition.

In the meantime, this summary of changes gives you an idea of what you can expect with our expanded support options, efficient online transactions, new look and feel for My Account, and more.

Note: This summary may not include every detail of the changes coming in June. We’ll continue to update the information as we approach the transition period to give you as much information as possible.

Account access and security

After the transition in June, all TSP participants will need to set up a new login for the new My Account. This one-time setup process will give you step-by-step prompts to make it simple for you to verify your identity, create a username and password, update your contact information, and set up your account security. Once you log in to My Account, you’ll notice a fresh design, new tools, and enhanced features to help you manage your account:


The low-cost TSP funds you know and love will stay the same, and your TSP savings will remain invested in the funds you’ve chosen, unless you request a change. We’re also adding a new investment option through the TSP mutual fund window, personalized support for rollovers to your TSP account, and a new way to move money within your TSP account.

Mutual fund window

The mutual fund window is designed for TSP participants who are interested in greater investment flexibility. If your account meets certain eligibility criteria, you can choose to access a selection of mutual funds. As with most mutual funds, this flexibility comes with fees:

If you choose to invest through the mutual fund window, your initial investment must be at least $10,000, and you may not invest more than 25% of your total account in the mutual fund window.

For more information about the mutual fund window before it becomes available in June, sign up to receive details by email.

Enter your email address to request more information about the TSP mutual fund window:


Personalized support to move money from other plans to the TSP

With a new feature coming this June, you’ll be able to receive personalized support to move money from IRAs, SIMPLE IRAs, and eligible employer plans.

Rollover contributions to your TSP account allow you to consolidate your retirement savings in one place. This makes it easier to evaluate whether you are on target to reach your retirement goals, and to make sure the right asset allocation to meet these goals is applied to all your savings. Also, because of the TSP’s low costs, your savings can grow faster than in a more expensive plan.

Moving money within your TSP account

Currently, there are two ways to determine the investment mix in your TSP account. With new features available to you in June, you’ll be able to make three types of investment transactions:

Note: As a new feature, any change to your investment election will ordinarily post to your account immediately and be effective the next business day. There will no longer be a noon cutoff for these transactions.

Reminder: If you request to change how you invest money already in your account—through a reallocation or fund transfer—before noon eastern time on any business day, your request will ordinarily post that business day. A request made at or after noon eastern time on any business day will ordinarily post on the next business day.

Reallocations and fund transfers are limited. Each calendar month, you can use your first two reallocations or fund transfers to redistribute money in your account among any of the TSP funds. After the first two of either transaction type, you can only move money into the G Fund.

Withdrawals and distributions

With the changes coming in June, the process to request a withdrawal or distribution will be more efficient and save time:

And there are some other changes to withdrawals and distributions you need to know:

Expanded support options

Beginning in June, you’ll have more ways to get your questions answered with our expanded support options:

Efficient online transactions

To save you time and reduce paperwork, we’re introducing new ways to complete most transactions and requests entirely online:

Beneficiary information

You’ll be able to submit beneficiary information entirely online through a new tool in My Account or by calling the ThriftLine. There are some changes to how designating beneficiaries will work:


General purpose and primary residence loans continue to be available to you with some changes:

Always remember to consider carefully the potential effect that a TSP loan may have on your retirement income.

With some changes, we continue to support third parties in communications and transactions on behalf of a participant or beneficiary, such as power of attorney (POA), conservatorship, or guardianship.

  1. Notice to participants sending checks to the TSP: Beginning in June, when you submit a check as payment, you authorize us either to use information from your check to make a one-time electronic fund transfer from your account or to process the payment as a check transaction. For inquiries, please call 877-968-3778.