Once your withdrawal request is processed, you cannot return your withdrawal or change your withdrawal options. However, if you have chosen to receive part or all of your account in a series of TSP monthly payments, you do have options for changing and managing those payments.
- Changing Your Monthly Payment Amount
- Managing Your Monthly Payments
- Requesting a Final Single Payment
Use Form TSP-73, Change in Monthly Payment Amount to do either of the following:
- Change the dollar amount you are receiving every month. You may do this once a year. Your request will become effective the following January.
- Change the TSP-computed payments (based on life expectancy) to a specific dollar amount. This is a one-time-only change. Your request will become effective the following January.
Use Form TSP-78, Monthly Payments Maintenance to make the following immediate changes in the way your monthly payments are handled:
- Start the direct deposit of your payments.
- Change the financial institution or the checking or savings account that is receiving your monthly payments.
- Stop direct deposit and have your monthly payment sent to you in the mail.
- Begin or stop transferring monthly payments to an IRA or eligible employer plan.
- Change the standard Federal tax withholding for your monthly payments.
- Change the portion of each monthly payment that is transferred to an IRA or eligible employer plan.
- Change the IRA or eligible employer plan to which your payments are sent.
Use Form TSP-79, Change From Monthly Payments to Final Payment if you are receiving TSP monthly payments and you want to request a final single payment from your TSP account.
Your request for a final single payment will close your TSP account.