TSP loans and leave without pay


Q. I am a federal employee with an outstanding balance for a TSP loan. If I get mobilized for the Army Reserve, what happens to my TSP loan when I go into a leave without pay status?

A. You will be permitted to suspend your loan payments until your return to civilian pay status. See Appendix 1 in the booklet at https://www.tsp.gov/PDF/formspubs/tspbk04.pdf for more information.


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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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