CFR > Title 5 - Administrative Personnel > CHAPTER VI—FEDERAL RETIREMENT THRIFT INVESTMENT BOARD > PART 1650—METHODS OF WITHDRAWING FUNDS FROM THE THRIFT SAVINGS PLAN > SUBPART D—In-Service Withdrawals (§1650.31 to §1650.34) > 1650.31—Age-based withdrawals.

1650.31—Age-based withdrawals.

(a) A participant who has reached age 59 1/2 and who has not separated from Government employment is eligible to withdraw all or a portion of his or her vested TSP account balance in a single payment. The amount of an age-based withdrawal request must be at least $1,000, unless the withdrawal request is for the entire vested account balance.
(b) An age-based withdrawal is an eligible rollover distribution, so a participant may request that the TSP transfer all or a portion of the withdrawal to a traditional IRA or an eligible employer plan.
(c) A participant is permitted only one age-based withdrawal for an account.
(d) A participant who makes an age-based withdrawal is not eligible to make a partial withdrawal after separating from Government service.

Code of Federal Regulations

[68 FR 35503, June 13, 2003, as amended at 75 FR 24785, May 6, 2010]