TSP and Creditors


Q. Is the TSP protected under law from a judgment? In other words, is my TSP exempt from creditors, or can they garnish it? I was reading about certain retirement plans that are exempted from court order and just wanted to know if the TSP is one of them.

A. It depends. I suggest that you review the notices at https://www.tsp.gov/PDF/formspubs/oc95-10-b.pdf, https://www.tsp.gov/PDF/formspubs/oc14-14.pdf and https://www.tsp.gov/PDF/formspubs/oc01-8.pdf.

If this doesn’t give the answer you want, you’ll have to consult an attorney.


About Author

Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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