[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: 5CFR1650.30]

[Page 269]
 
                    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 D--In-Service Withdrawals
 
Sec. 1650.30  Age-based withdrawals.


    (a) A participant who 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 in-service withdrawal request must be at least $1,000.
    (b) The participant may request that the TSP transfer all or a 
portion of the withdrawal to an Individual Retirement Arrangement (IRA) 
or other eligible retirement plan. If a participant chooses to receive 
directly all or a portion of the withdrawal, the TSP will withhold for 
Federal income tax purposes 20 percent of all amounts paid directly to 
the participant.
    (c) A participant is permitted only one age-based in-service 
withdrawal.