The Thrift Savings Plan Saturday issued a message stating it will continue its normal daily operations during the federal government shutdown.
The TSP referenced a fact sheet that explains the effects a period of nonpay has on TSP loans, contributions, and withdrawals for civilian employees who are placed in nonpay status (e.g., furlough or leave without pay).
Highlights of the fact sheet are in the table below. To download the complete document (6-page PDF) click here.
“The fact sheet also emphasizes that your agency should not send Form TSP-41, Notification to TSP of Nonpay Status to the TSP during a federal government shutdown,” the TSP said. “A shutdown is a rare occurrence and is typically of short duration. Form TSP-41 is intended for participants who are being placed on extended leave without pay, e.g., for illness, military furlough, maternity leave.”