5 C.F.R. § 1650.12   Single payment.


Title 5 - Administrative Personnel


Title 5: Administrative Personnel
PART 1650—METHODS OF WITHDRAWING FUNDS FROM THE THRIFT SAVINGS PLAN
Subpart B—Post-Employment Withdrawals

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§ 1650.12   Single payment.

(a) Partial withdrawal. A participant can elect to withdraw a portion of his or her account balance in a single payment and leave the rest in the TSP until a later date, subject to §1650.16 and the following requirements:

(1) The participant is eligible for a partial withdrawal only if he or she did not make an age-based in-service withdrawal from that account.

(2) The participant may not elect a partial withdrawal of less than $1,000.

(3) Only one partial withdrawal from that account is permitted.

(b) Full withdrawal. A participant can elect to withdraw his or her entire account balance in a single payment.

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