I’ve been receiving quite a few questions lately about what is happening with implementation of the changes to Thrift Savings Plan withdrawal options as a result of the TSP Modernization Act signed ...
A thrift savings plan (TSP) hardship withdrawal allows federal employees and members of the uniformed services to access their retirement funds in times of severe financial need. To qualify, ...
The bills, which lack Republican support, also aim to ensure that federal employees have access to TSP loans during government shutdowns. Congressional Democrats introduced bills that would waive ...
New options for federal employees and retirees to withdraw finds from their Thrift Savings Plan went live on Sept. 15. Under the new policy, feds 59.5 years of age and older can make four withdrawals ...
Question: What is going on with the new TSP withdrawal rules? Answer: The 401(k)-style Thrift Savings Plan announced last week that expanded withdrawal options enacted into law last year will be ...
Earlier this week, Government Executive’s Erich Wagner wrote about Thrift Savings Plan withdrawals as they relate to the COVID-19 stimulus package. The law liberalizes in-service withdrawal rules to ...
Agency: "Federal Retirement Thrift Investment Board." SUMMARY: The Federal Retirement Thrift Investment Board ("FRTIB") is amending its regulations to allow participants to take hardship withdrawals ...
Current and former federal employees and military personnel soon will have more options when it comes to withdrawing money from their retirement accounts. The Thrift Savings Plan is on schedule for a ...