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

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Click ‘Get Form’ to open it in the editor.
In Section I, provide complete information about the TSP participant. Indicate whether the nonpay status applies to a Civilian Account or Uniformed Services Account. Fill in the participant's full name and Social Security Number, as this is essential for processing.
Move to Section II and select only one option from items 4a to 4d based on the participant's nonpay status. For example, if notifying the beginning of nonpay status, complete item 4a by providing the reason for nonpay and the start date.
In Section III, ensure you fill out all fields related to agency certification. This includes signing off as an agency official and providing your agency's contact details accurately.
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How to notify TSP of retirement?

Submit your withdrawal forms directly to the TSP Service Office. To docHub the Service Office, call the TSP ThriftLine at 1-TSP-YOU-FRST (1-877-968-3778) or the TDD at 1-TSP-THRIFT5 (1-877-847-4385).

What is a TSP 41?

NOTIFICATION TO TSP OF NONPAY STATUS (AGENCY USE)

What happens to your TSP account if you go into nonpay status?

If you go into approved nonpay sta- tus, the IRC allows you to suspend TSP loan payments for up to one year of the nonpay period. A suspension of loan payments is not automatic. To suspend your payments, you (or your agency or service) must provide the TSP with proper documentation of your nonpay status.

What happens if TSP loan is not paid back?

If you miss payments after you return to pay status and you become delinquent (miss 2 or more scheduled repayments), you must send in the cure amount or a taxed loan will be declared. You will be subject to tax on the taxable portion of the outstanding loan balance (including any accrued interest).