[Code of Federal Regulations]
[Title 5, Volume 3]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR1650.13]

[Page 267]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
         CHAPTER VI--FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
 
PART 1650--METHODS OF WITHDRAWING FUNDS FROM THE THRIFT SAVINGS PLAN--Table of Contents
 
                 Subpart B--Post-Employment Withdrawals
 
Sec. 1650.13  Transfer of withdrawal payments.

    (a) At the participant's request, the TSP will transfer directly to 
an eligible retirement plan all or part of any withdrawal that is an 
``eligible rollover distribution,'' as defined in 26 U.S.C. 402(c)(4). A 
withdrawal method that is not an eligible rollover distribution cannot 
be transferred.
    (b) The following TSP withdrawal methods are considered eligible 
rollover distributions:
    (1) A single payment, as described in Sec. 1650.10;
    (2) Monthly payments, as described in Sec. 1650.11, where payments 
are expected to last less than 10 years at the time they begin, 
according to the following rules:
    (i) If the participant elects a number of monthly payments, the 
number of payments must be fewer than 120;
    (ii) If the participant elects a monthly payment amount, the amount, 
when divided into the participant's account balance as of the end of the 
month prior to the first payment, must yield a number less than 85;
    (3) A final single payment, as described in Sec. 1650.11(c).
    (c) The following withdrawal methods are not eligible rollover 
distributions:
    (1) Any annuity purchased by the TSP.
    (2) Any monthly payment that does not meet the rules set forth in 
paragraph (b)(2) of this section, including any monthly payment computed 
based on the Internal Revenue Service expected return multiple table V 
(see Sec. 1650.11(a)(3)).
    (3) Any minimum distribution payment or any portion of another 
payment which represents a minimum distribution payment.
    (d) An eligible retirement plan is a plan defined in 26 U.S.C. 
402(c)(8). There are three types of eligible retirement plans: an 
Individual Retirement Arrangement (IRA) (which can be either an 
individual retirement account or an individual retirement annuity), a 
plan qualified under 26 U.S.C. 401(a), and a plan described in 26 U.S.C. 
403(a). An IRA or other eligible retirement plan must be maintained in 
the United States, which means one of the 50 states or the District of 
Columbia.