TSP Unclaimed Government Employee Retirement Benefits
The Thrift Savings Plan is a defined-contribution plan created by the Federal Employees Retirement System Act of 1986 (ERISA) to supplement FERS (Federal Employees Retirement System) benefits. It provides employees of the federal government with a tax-advantaged way to save and invest for retirement, similar to a 401(k) in the private sector.
► As of 2012, TSP accounts for 4.5 million participants, including federal civilian employees in all branches of government, U.S. Postal Service employees and members of the uniformed services – totaled $313 billion.
Upon separation from government service, employees can choose between a lump sum payment, which may be transferred to a 401(k) or IRA; monthly payments, or an annuity from a private provider. In the event of death of a participant, accounts are distributed to designated beneficiaries.
To trace unclaimed Thrift Savings Plan (TSP) distributions and receive recovery information for unclaimed federal retirement funds and benefits, complete the form below.