The Tsp 13 form is one of the most important forms you will ever fill out in your lifetime. This form is used to declare your taxes and it is very important that you fill it out correctly. If you have any questions about how to fill out this form, be sure to consult a tax professional. Filling out this form incorrectly can result in penalties and fines from the IRS. Make sure to take your time and triple-check everything before submitting your Tsp 13 form.
Before you decide to fill out tsp 13 form, you will need to know more in regards to the type of form you'll use.
Question | Answer |
---|---|
Form Name | Tsp 13 Form |
Form Length | 10 pages |
Fillable? | No |
Fillable fields | 0 |
Avg. time to fill out | 2 min 30 sec |
Other names | tsp 60 form fillable, tsp60, tsp 60 fillable form, fillable tsp 60 |
Thrift Savings Plan
BULLETIN for Service TSP Representatives
Subject: Consolidation of Form
Date: May 7, 2012
The Federal Retirement Thrift Investment Board (Agency) has consolidated Form
The implementation of Roth TSP required the Agency to create a new combined form,
I.Purpose of Forms
A.Form
B.Form
C.Forms
(continued on next page)
Inquiries: Questions concerning this bulletin should be directed to the Federal Retirement Thrift Investment Board at
Chapter: This bulletin may be iled in Chapter 2, General Information.
Federal Retirement Thrift Investment Board • 77 K Street, NE • Washington, DC 20002
II.General Requirements and Restrictions to Forms
A.The participant must have an open TSP account with a balance when the TSP receives Form
B.A Roth IRA cannot be transferred or rolled over into the Roth balance of a TSP account. Only Roth balances from Roth accounts maintained by an eligible em- ployer plan can be transferred (but not rolled over) into a TSP account.
C.If the distribution (of traditional,
III.Agency/Service Responsibilities
When participants ask agency/service representatives for information about rollovers or transfers into the TSP, they should direct the participant to the TSP website to print out Form
TSP will accept transfers and rollovers are strict, and because there may be tax consequences, we recommend that participants consult with their tax advisors or inancial planners before they move money into the TSP.
Gisile Goethe
Deputy Director, Education & Agency Liaison
Ofice of Communications and Education
Attachment: Form
Form
- 2 -
THRIFT SAVINGS PLAN |
Request foR a tRansfeR into the tsp
Use this form to request a transfer or to complete a rollover of
I.INFORMATION ABOUT
Civilian Account OR
Uniformed Services Account
1.
2.
5.
Last NameFirst NameMiddle Name
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TSP Account Number |
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Date of Birth (mm/dd/yyyy) |
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Daytime Phone (Area Code and Number) |
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Foreign address? |
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Street Address or Box Number (For a foreign address, see instructions on back.) |
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Street Address Line 2 |
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7.
City
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State
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Zip Code
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II.INFORMATION FROM IRA OR
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This is a: |
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Transfer (Direct Rollover) |
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Rollover |
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This distribution is from a(n): |
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Traditional IRA |
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Gross amount of |
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(For definitions, see the General Information section of this form.)
SIMPLE IRA |
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Eligible Employer Plan |
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Date of Distribution (mm/dd/yyyy)
I certify that the funds are being (or have been) distributed from an eligible retirement plan as defined in IRC § 402(c)(8)(B).
14.
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Daytime Phone (Direct Number) |
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Typed or printed name of Financial Institution Representative or Plan Administrator |
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Signature of Financial Institution Representative or Plan Administrator |
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Date Signed (mm/dd/yyyy) |
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Name of Financial Institution |
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Street Address or Box Number
Street Address Line 2
20.
City
21.
State
22.
Zip Code
–
III.CERTIFICATION
23.
Participant’s Signature
24.//
Date Signed (mm/dd/yyyy)
FORM
PREVIOUS EDITIONS OBSOLETE
FORM
Use this form to request a transfer or to complete a rollover of
The TSP is a retirement savings and investment plan for Federal employees and members of the uniformed services. Congress established the TSP in the Federal Employees’ Retirement Sys- tem Act of 1986. The TSP is to be treated as a trust described in 26 U.S.C. § 401(a), which is exempt from taxation under 26 U.S.C. § 501(a). TSP regulations are published in title 5 of the Code of Federal Regulations, Parts
You must complete Sections I and III of this form, then provide the entire package to your IRA trustee or plan administrator to complete Section II. If necessary, have your IRA trustee or plan administrator return the form to you. In order for your request to be processed, it must include a completed Form
Note: If you intend to make a full withdrawal, please wait until you receive confirmation that your transfer or rollover has been completed.
To ensure that your request is not delayed, carefully type or print the required information inside the boxes using black or dark blue ink.
SECTION I. Complete Items
The address on this form cannot be used to update your TSP record.
If you have a foreign address, check the box in Item 5 and enter the foreign address as follows in Items
First address line: Enter the street address or post office box number, and any apartment number.
Second address line: Enter the city or town name, other princi- pal subdivision (e.g., province, state, county), and postal code, if known. (The postal code may precede the city or town.)
City/State/Zip Code fields: Enter the entire country name in the City field; leave the State and Zip Code fields blank.
SECTION II. The instructions for Section II are intended for the IRA or plan representative.
If you are unwilling to complete this section, submit an IRS Let- ter of Determination or a letter (on the organization’s letterhead) confirming that the funds are being transferred from a qualified plan. Otherwise, we cannot deposit the funds into the partici- pant’s account.
If the distribution is being transferred directly to the TSP, you must mail the completed Form
If the distribution is being rolled over, you must submit a let- ter (on the organization’s letterhead) or a distribution statement that shows the date and the gross amount of the
Item 10. Check the “Transfer (Direct Rollover)” box if the funds are being transferred directly to the TSP. Check the “Rollover” box if the distribution has been paid to the participant, and he or she is sending a check in the amount of the distribution to the TSP.
Item 11. Check the appropriate box to indicate whether the distri- bution is from a traditional IRA, SIMPLE IRA, or eligible employer plan. Complete this information whether the distribution is be- ing transferred or rolled over. Note: If this distribution is from a SIMPLE IRA, you must provide written documentation showing the period of participation.
Item 12. Indicate the total gross amount of the
Item 13. If this request is for a rollover, provide the date that the distribution was made to the participant.
Items
SECTION III. Read the General Information section of this form, and sign and date Items 23 and 24 if the information is correct. If you cannot certify that your transfer or rollover meets all of the requirements described, you cannot transfer or roll over your distribution into the TSP.
If you have questions, call the ThriftLine toll free at
Either mail the check and form to: TSP Rollover and Transfer
Processing Unit, P.O. Box 385200, Birmingham, AL
to the TSP.
Form
PREVIOUS EDITIONS OBSOLETE
FORM
Form
If the TSP does not receive a Form
If the TSP receives a check with appropriate identification, but without Form
Be sure to read all of the general information and instructions before you complete this form.
What
The TSP will accept both transfers and rollovers of
Before submitting this form, a TSP participant who would like to transfer or roll over money into the TSP should check with a representative of his or her IRA or plan to determine what portion of a distribution (if any) meets the applicable requirements, as described below.
Note: Participants are required to certify in Section III of this form that the distribution they are seeking to transfer or roll over into the TSP meets the applicable requirements. If a participant can- not sign the certification, the TSP cannot accept the transfer or rollover.
Traditional IRA. This is an individual retirement account de- scribed in IRC § 408(a) or an individual retirement annuity de- scribed in IRC § 408(b). The traditional IRA category does not include a Roth IRA, an inherited IRA, or a Coverdell Education Savings Account (formerly known as an education IRA); distribu- tions from these types of IRAs will not be accepted by the TSP.
The TSP will accept all or a portion of a distribution from a tradi- tional IRA except a distribution that:
•is a minimum distribution required by IRC § 401(a)(9); or
•consists of
SIMPLE IRA. This is a Savings Incentive Match Plan for Employ- ers, an employer sponsored retirement plan available to small businesses. A TSP participant can transfer an amount from a SIMPLE IRA to the TSP, as long as he or she participated in the SIMPLE IRA for at least 2 years. Note: The TSP must receive written documentation showing the period of participation in a
SIMPLE IRA.
Eligible Employer Plan. This is a plan qualified under IRC
§401(a) (including a § 401(k) plan,
To be accepted into the TSP, the distribution from an eligible em- ployer plan must be an “eligible rollover distribution.”
An eligible rollover distribution is a distribution to a participant of all or a portion of his or her account. However, it cannot be:
•one of a series of substantially equal periodic payments made over the life expectancy of the employee (or the joint lives of the employee and designated beneficiary, if appli- cable), or for a period of 10 years or more;
•a minimum distribution required by IRC § 401(a)(9);
•a hardship distribution;
•a plan loan that is deemed to be a taxable distribution be- cause of default; or
•a return of excess elective deferrals.
Examples of eligible rollover distributions include: a lump sum distribution after terminating employment; an
All of the money transferred into the TSP must be money that would have been included in the participant’s gross income for the tax year in which the transfer was made, had the money been distributed without being transferred or rolled over.
What Roth distributions will the TSP accept?
The TSP will only accept transfers of qualified and
The TSP will not accept rollovers of qualified or
If you would like to transfer Roth money into the Roth balance of your TSP account, do not complete this form; instead, complete Form
Form
PREVIOUS EDITIONS OBSOLETE
FORM
What is the difference between a “transfer” and a “rollover”?
A transfer (also known as a “direct rollover”) occurs when the participant instructs the distributing plan to send all or part of his or her eligible rollover distribution directly to the TSP instead of issuing it to the participant.
A rollover occurs when the distributing plan makes a payment to the participant (after withholding the applicable Federal in- come tax) and the participant deposits all or any part of the gross amount of the payment into the TSP within 60 days of receiving it.
How much
There is no limit to the number of transfers or rollovers of tax- deferred money that a participant can make. A participant can transfer or roll over all or any part of a
Note: Any portion of the distribution that the participant choos- es not to transfer or roll over will be taxed as ordinary income. In addition, if the participant is younger than 59½ at the time of distribution, he or she may have to pay a 10% early withdrawal penalty tax on the amount that was not transferred or rolled over.
How does the IRC annual elective deferral limit affect transfers and rollovers?
Money that is transferred or rolled over into the TSP is not ap- plied to the annual elective deferral limit that is imposed on regu- lar employee contributions.
How does a transfer or rollover affect monthly payments?
If a TSP participant is receiving monthly payments at the time of a transfer or a rollover, the TSP will recalculate the amount or the duration of the monthly payments beginning with the first pay- ment the participant receives in the year following the transfer or rollover. If a participant is receiving payments:
•Of a speciic dollar amount, the recalculation will occur only if the participant transferred $1,000 or more, and only the duration of the payments will be affected. However, if the new duration of the payments is 10 years or more, the payments will no longer be eligible for transfer or rollover, and the tax withholding on the payments may change.
•Based on life expectancy, the recalculation should increase the amount of each payment.
For more information, see the TSP tax notice “Tax Information for TSP Participants Receiving Monthly Payments.”
What happens to the money once it reaches the TSP?
Money that is transferred or rolled over into the TSP is allocated to the TSP investment funds according to the participant’s most current contribution allocation on file. Once the money is depos- ited into the participant’s TSP account, it is treated like employee contributions and will be subject to the same plan rules as all other employee contributions in the account. These rules may be different from the rules of the IRA or plan from which the money was distributed.
When you send us a rollover check, it will be converted into an electronic funds transfer (EFT). We will make an electronic im- age of your check and use the account information on it to debit your bank account electronically for the amount of the check.
Although the debit will be reflected on your bank statement, you will not receive the cancelled check because the original will be destroyed after we image it. If for some technical reason the data from the EFT cannot be processed, we will transmit our imaged copy of your check to your bank.
Note: Because the conditions under which the TSP will accept transfers and rollovers are strict, and there may be tax conse- quences, we recommend that you consult your tax advisor before you move money into the TSP.
PRIVACY ACT NOTICE. We are authorized to request the information you provide on this form under 5 U.S.C. chapter 84, Federal Employees’ Retirement System. We will use this information to identify your TSP account and to process your request. In addition, this information may be shared with other Federal agencies for statistical, auditing, or archiving purposes. We may share the information with law enforcement agencies investigating a violation of civil or criminal law, or agencies implementing
a statute, rule, or order. It may be shared with congressional offices, private sector audit firms, spouses, former spouses, and beneficiaries, and their attorneys. We may disclose relevant portions of the information to appropriate parties engaged in litigation and for other routine uses as specified in the Federal Register. You are not required by law to provide this information, but if you do not provide it, we will not be able to process your request.
Form
PREVIOUS EDITIONS OBSOLETE
THRIFT SAVINGS PLAN |
Request foR a Roth tRansfeR into the tsp
Use this form to request a transfer of Roth money from an applicable retirement plan into the Roth balance of your Thrift Savings Plan (TSP) account. Funds received by the TSP will not be invested until a properly completed Form
I.INFORMATION ABOUT
Civilian Account OR
Uniformed Services Account
1.
2.
5.
Last NameFirst NameMiddle Name
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TSP Account Number |
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Date of Birth (mm/dd/yyyy) |
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Daytime Phone (Area Code and Number) |
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Check here. |
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Street Address or Box Number (For a foreign address, see instructions on back.) |
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Street Address Line 2 |
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7.
City
8.
State
9.
Zip Code
–
II.INFORMATION FROM
10. Gross amount of Roth distribution: |
11. Roth contributions: |
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12. Date of first Roth contribution: |
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Contribution Date (mm/dd/yyyy) |
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I certify that the funds are being distributed from an applicable retirement plan as defined in IRC § 402A(e)(1).
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Daytime Phone (Direct Number) |
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Typed or printed name of Financial Institution Representative or Plan Administrator |
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Signature of Financial Institution Representative or Plan Administrator |
Date Signed (mm/dd/yyyy) |
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Name of Financial Institution
Street Address or Box Number
Street Address Line 2
19.
City
20.
State
21.
Zip Code
–
III.CERTIFICATION
22.
Participant’s Signature
23.//
Date Signed (mm/dd/yyyy)
FORM
PREVIOUS EDITIONS OBSOLETE
FORM
Use this form to request a transfer of Roth money from an appli- cable retirement plan into the Roth balance of your Thrift Savings Plan (TSP) account. You must have an open TSP account with a balance when your request is received by the TSP. Note: Money cannot be transferred into a beneficiary participant account.
The TSP is a retirement savings and investment plan for Federal employees and members of the uniformed services. Congress established the TSP in the Federal Employees’ Retirement Sys- tem Act of 1986. The TSP is to be treated as a trust described in 26 U.S.C. § 401(a), which is exempt from taxation under 26 U.S.C. § 501(a). TSP regulations are published in title 5 of the Code of Federal Regulations, Parts
You must complete Sections I and III of this form, then provide the entire package to your plan administrator to complete Section II. In order for your request to be processed, it must include a com- pleted Form
Note: If you intend to make a full withdrawal, please wait until you receive confirmation that your transfer has been completed.
To ensure that your request is not delayed, carefully type or print the required information inside the boxes using black or dark blue ink.
SECTION I. Complete Items
The address on this form cannot be used to update your TSP record.
If you have a foreign address, check the box in Item 5 and enter the foreign address as follows in Items
First address line: Enter the street address or post office box number, and any apartment number.
Second address line: Enter the city or town name, other princi- pal subdivision (e.g., province, state, county), and postal code, if known. (The postal code may precede the city or town.)
City/State/Zip Code fields: Enter the entire country name in the City field; leave the State and Zip Code fields blank.
SECTION II. The instructions for Section II are intended for the plan representative.
If you are unwilling to complete this section, submit an IRS Let- ter of Determination or a letter (on the organization’s letterhead) confirming that the funds are being transferred from a qualified plan. Otherwise, we cannot deposit the funds into the partici- pant’s account.
You must submit the completed Form
Either mail the check and form to:
|
TSP Rollover and Transfer Processing Unit |
|
P.O. Box 385200 |
|
Birmingham, AL |
Or fax to: |
|
|
If you fax this form, please send your check immediately to the TSP.
Item 10. Indicate the total gross amount of the Roth distribution that is being made from the plan.
Item 11. Indicate the amount of the distribution that comes from the participant’s designated Roth contributions (i.e., tax basis).
Item 12. Provide the specific date of the participant’s first des- ignated Roth contribution to the plan. If you cannot provide the specific date, indicate the year that the participant made his or her first designated Roth contribution to the plan.
Items
SECTION III. Read the General Information section of this form, and sign and date Items 22 and 23 if the information is correct. If you cannot certify that your transfer meets all of the requirements described, you cannot transfer your distribution into the TSP.
If you have questions, call the ThriftLine toll free at
Form
PREVIOUS EDITIONS OBSOLETE
FORM
Form
If the TSP does not receive a Form
If the TSP receives a check with appropriate identification, but without Form
Be sure to read all of the general information and instructions before you complete this form.
What Roth distributions will the TSP accept?
The TSP will only accept transfers of qualified and
§457(b) plan maintained by a governmental employer. It does not include a Roth IRA.
The TSP will not accept rollovers of qualified or
To be accepted into the TSP, the distribution must be an “eligible rollover distribution.” An eligible rollover distribution is a distribu- tion to a participant of all or a portion of his or her account. How- ever, it cannot be:
•one of a series of substantially equal periodic payments made over the life expectancy of the employee (or the joint lives of the employee and designated beneficiary, if appli- cable), or for a period of 10 years or more;
•a minimum distribution required by IRC § 401(a)(9);
•a hardship distribution;
•a plan loan that is deemed to be a taxable distribution be- cause of default; or
•a return of excess elective deferrals.
Examples of eligible rollover distributions include: a lump sum distribution after terminating employment; an
Before submitting this form, a TSP participant who would like to transfer Roth money into the TSP should check with a representa- tive of his or her plan to determine what portion of a distribution (if any) meets the applicable requirements.
Note: Participants are required to certify in Section III of this form that the distribution they are seeking to transfer into the TSP meets the applicable requirements. If a participant cannot sign the certification, the TSP cannot accept the transfer.
What is the difference between a “qualified” and a
A Roth distribution is considered qualified (i.e., paid
What is a “Roth Initiation Date”?
The TSP defines a Roth Initiation Date as the specific date of a participant’s first Roth contribution. The IRS uses January 1 of the year associated with a participant’s first Roth contribution to de- termine whether Roth earnings are qualified.
What happens to a Roth Initiation Date at the time of a transfer?
If a participant has an existing Roth balance in his or her TSP ac- count at the time of the transfer, the Roth Initiation Date will be the earlier of either the start date associated with the incoming Roth balance or the start date associated with the existing TSP Roth balance. This date will be applied to all Roth money already in the participant’s TSP account, as well as any future Roth contri- butions to the TSP.
If a participant does not have an existing Roth balance in his or her TSP account, the transfer will establish one, and the Roth Initiation Date will be the start date associated with the incoming Roth balance.
What
The TSP will accept both transfers and rollovers of
•Traditional IRA. This is an individual retirement account described in IRC § 408(a) or an individual retirement annu- ity described in IRC § 408(b). The traditional IRA category does not include a Roth IRA, an inherited IRA, or a Coverdell Education Savings Account (formerly known as an education IRA); distributions from these types of IRAs will not be ac- cepted by the TSP.
•SIMPLE IRA. This is a Savings Incentive Match Plan for Em- ployers, an employer sponsored retirement plan available to small businesses. A TSP participant can transfer an amount from a SIMPLE IRA to the TSP, as long as he or she partici- pated in the SIMPLE IRA for at least 2 years. Note: The TSP must receive written documentation showing the period of participation in a SIMPLE IRA.
•Eligible Employer Plan. This is a plan qualified under IRC § 401(a) (including a § 401(k) plan,
* The TSP cannot certify to the IRS that you meet the Internal Revenue Code’s definition of disability when your taxes are reported. Therefore, you must provide the justification to the IRS when you file your taxes.
Form
PREVIOUS EDITIONS OBSOLETE
FORM
If you would like to transfer or roll over a distribution from an eli- gible retirement plan into the traditional
What is the difference between a “transfer” and a “rollover”?
A transfer (also known as a “direct rollover”) occurs when the participant instructs the distributing plan to send all or part of his or her eligible rollover distribution directly to the TSP instead of issuing it to the participant.
A rollover occurs when the distributing plan makes a payment to the participant (after withholding the applicable Federal in- come tax) and the participant deposits all or any part of the gross amount of the payment into the TSP within 60 days of receiving it.
How much Roth money can a participant transfer or roll over into the TSP?
There is no limit to the number of transfers of Roth money that a participant can make. A participant can transfer all or any part of a Roth distribution that meets the applicable requirements de- scribed on the previous page. However, a participant cannot roll over any Roth money into the TSP.
How does the IRC annual elective deferral limit affect transfers?
Money that is transferred into the TSP is not applied to the an- nual elective deferral limit that is imposed on regular employee contributions.
How does a transfer affect monthly payments?
If a TSP participant is receiving monthly payments at the time of a transfer, the TSP will recalculate the amount or the duration of the monthly payments beginning with the first payment the par- ticipant receives in the year following the transfer. If a participant is receiving payments:
•Of a specific dollar amount, the recalculation will occur only if the participant transferred $1,000 or more, and only the duration of the payments will be affected. However, if the new duration of the payments is 10 years or more, the payments will no longer be eligible for transfer or rollover, and the tax withholding on the payments may change.
•Based on life expectancy, the recalculation should increase the amount of each payment.
For more information, see the TSP tax notice “Tax Information for TSP Participants Receiving Monthly Payments.”
What happens to the money once it reaches the TSP?
Money that is transferred into the TSP is allocated to the TSP investment funds according to the participant’s most current contribution allocation on file. Once the money is deposited into the participant’s TSP account, it is treated like employee contri- butions and will be subject to the same plan rules as all other employee contributions in the account. These rules may be differ- ent from the rules of the plan from which the transferred amount was distributed.
Note: Because the conditions under which the TSP will accept transfers and rollovers are strict, and there may be tax conse- quences, we recommend that you consult your tax advisor before you move money into the TSP.
PRIVACY ACT NOTICE. We are authorized to request the information you provide on this form under 5 U.S.C. chapter 84, Federal Employees’ Retirement System. We will use this information to identify your TSP account and to process your request. In addition, this information may be shared with other Federal agencies for statistical, auditing, or archiving purposes. We may share the information with law enforcement agencies investigating a violation of civil or criminal law, or agencies implementing
a statute, rule, or order. It may be shared with congressional offices, private sector audit firms, spouses, former spouses, and beneficiaries, and their attorneys. We may disclose relevant portions of the information to appropriate parties engaged in litigation and for other routine uses as specified in the Federal Register. You are not required by law to provide this information, but if you do not provide it, we will not be able to process your request.
Form
PREVIOUS EDITIONS OBSOLETE