Are active FERS employees completely locked into TSP?


Are there any options for FERS employees to transfer part of their TSP to a qualified IRA (from TSP to an IRA)? I’m confused about what is possible in the private sector. There do seem to be some different age-based options, one if you’re over 55, one for people who are 59.5+.

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Asked on January 3, 2020 2:08 pm
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An actively federal employee (FERS or CSRS) may not roll or transfer money out of the Thrift Savings Plan until they have reached 59 1/2 years of age. These are called "age-based" withdrawals and up to four of them are allowed each year.
An individual who separated from federal service in the year they have turned 55 is free to roll or transfer money from the TSP to another qualified plan or a qualifying IRA. The age is 50 for certain special category employees.

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Posted by (Questions: 0, Answers: 82)
Answered on January 3, 2020 5:53 pm
Thank you. Can you provide more info or a link regarding the 'special category' employees?
( at January 3, 2020 10:21 pm)