The Thrift Financial savings Plan will proceed its regular every day operations throughout a lapse in appropriations (or authorities shutdown). The TSP said on it’s web site this month that if a shutdown happens, TSP contributors don’t must take any motion relating to their TSP accounts.
“If in case you have a TSP mortgage and are an lively participant (not separated from federal service or in a nonpay standing for an additional motive), we’ll routinely replace your standing to maintain your mortgage in good standing, even when we don’t obtain repayments throughout the shutdown,” the TSP stated.
TSP Loans Throughout a Authorities Shutdown
The lapse in appropriations doesn’t stop TSP contributors from requesting a brand new TSP mortgage. The established eligibility necessities proceed to use. Learn the TSP loans booklet for extra info.
The TSP asks that TSP contributors verify this internet web page for updates throughout a lapse in appropriations.
SEE ALSO: What Occurs to Federal Pay, Go away & Holidays Throughout a Authorities Shutdown?
