16 Things Seniors Born Between 1941-1969 Could Take Advantage OfThe Thrift Savings Plan will continue its normal daily operations during a lapse in appropriations (or government shutdown). The TSP stated on it’s website this month that if a shutdown occurs, TSP participants do not need to take any action regarding their TSP accounts.
“If you have a TSP loan and are an active participant (not separated from federal service or in a nonpay status for another reason), we will automatically update your status to keep your loan in good standing, even if we do not receive repayments during the shutdown,” the TSP said.
TSP Loans During a Government Shutdown
The lapse in appropriations does not prevent TSP participants from requesting a new TSP loan.
The established eligibility requirements continue to apply. Read the TSP loans booklet for more information.
The TSP asks that TSP participants check this web page for updates during a lapse in appropriations.
SEE ALSO: What Happens to Federal Pay, Leave & Holidays During a Government Shutdown?
