5 CFR 1650.12 - Single payment.

§ 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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