Is my ex spouse entitled to my TSP?

Your current or former spouse, or your dependents, could be awarded a portion of your TSP account if a valid Retirement Benefits Court Order (RBCO) to divide your account is issued. The RBCO can be issued at any time in the divorce, annulment, and separation proceedings.

How is TSP divided in divorce?

Well, your TSP account can be divided by means of a court decree of divorce, annulment or legal separation; or by a court order or court-approved property settlement agreement that is incident to such a decree.

How do I get my TSP money after separation?

Submit your withdrawal forms directly to the TSP Service Office. To reach the Service Office, call the TSP ThriftLine at 1-TSP-YOU-FRST (1-877-968-3778) or the TDD at 1-TSP-THRIFT5 (1-877-847-4385). Outside the U.S. and Canada, please call 1-504-255-8777.

Can a TSP account be garnished?

TSP account garnishment You may be required to pay alimony or child support from your TSP account. If we receive a complete, qualifying legal process for garnishment of your TSP account for alimony or child support, we will freeze your account, preventing any loans or withdrawals.

How do I protect my TSP in a divorce?

A court order will freeze your TSP account, meaning that no withdrawals or loans can be made until the divorce is finalized. Unless excluded from the court order, any outstanding loan balances will be included in the account balance when calculating your former spouse’s award.

Can I withdraw money from my TSP without my spouse’s signature?

You should know that although your spouse may be entitled to a certain portion of your Thrift Savings Plan (TSP) accounts, they cannot simply withdraw or borrow money without your permission.

What happens to my Thrift Savings Plan after divorce?

The TSP will follow the court order on dividing the account either by a percentage or a given dollar amount, usually tied to the value of the account on a determined date (often the date the account is frozen).

Can a TSP account be divided during a divorce?

Divorce, annulment, and legal separation Your current or former spouse, or your dependents, could be awarded a portion of your TSP account if a valid Retirement Benefits Court Order (RBCO) to divide your account is issued. The RBCO can be issued at any time in the divorce, annulment, and separation proceedings.

Can a TSP court order Freeze Your Retirement Account?

Anyway, TSP refers to the court order as a “retirement benefits court order,” and proceeds to divide up your retirement account according to the order itself. The first effect of such a court order is to freeze your TSP account so you cannot take anything out that might otherwise go to your ex-wife.

Where can I find a thrift savings plan form?

The Thrift Savings Plan has a booklet, Court Orders and Powers of Attorney, which can be found in the “forms and publications” section of the TSP website. This 31 page publication has good information, a helpful checklist and sample language that can help you or your attorney in crafting documents that will pass muster.