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CARES Act Withdrawal now available — TSP participants affected by COVID-19 (as defined by the CARES Act, P.L. 116-136) may now apply for a CARES Act Withdrawal of up to $100,000 from a civilian or uniformed services account. For those still in federal service, the usual requirements that you be at least 59½ years old or certify that you meet specific financial hardship criteria are waived. For all applicants, federal tax withholding is optional. The deadline for applying is December 15, 2020.

Learn more about the TSP CARES Act Withdrawal.