Form TSP-41, Notification to TSP of Nonpay Status - Hawaii DoD: Fill out & sign online

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How does nonpay status affect TSP participation?

Employee contributions to TSP accounts must be made as deductions from civilian or uniformed services pay. Therefore, if you are in nonpay status for one or more full pay periods, you will not be contributing to your TSP account during that time.

What happens if I dont pay my TSP loan?

If your loan becomes delinquent, any taxable portion of the outstanding balance and accrued interest will be treated as taxable income by the IRS. If youre under age 59, you may have to pay an additional early withdrawal penalty tax.

What form do I use to rollover my TSP to an IRA?

Filling Out Form TSP-70 Request for Full Withdrawal. If you are doing a full withdrawal (transfer or rollover of the entire contents of your TSP), then you will need to fill out pages 1, 2, and 4 (Traditional Balance) and/or Page 5 (Roth Balance).

What is a TSP loan on military pay stub?

Federal employees and members of the uniformed services may be eligible for a Thrift Savings Plan loan. A TSP loan allows you to borrow from your retirement savings to buy a house or pay for other things, but it can lead to having less money overall in your TSP account.

What is the TSP RMD withdrawal form?

Form TSP 70 is the form you need to fill up and submit when making a request for a full and immediate withdrawal of your entire vested Thrift Savings Plan (TSP) account balance. The TSP 70 form may be used only after you leave federal employment, and your employing agency confirms your separation from Federal service.

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