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SAN FRANCISCO, CA

Legislation Report

DECEMBER 2017

Thrift Savings Plan (TSP) Modernization Act: On November 17, The President signed into law the TSP Modernization Act, H.R. 3031, which provides more flexible withdrawal options for Thrift Savings Plan (TSP) participants. The legislation was endorsed by NARFE.  Specifically, the legislation allows multiple, partial post-separation withdrawals, which participants can time to their individual needs, and provides multiple, age-based withdrawals for participants who are still working and are older than age 59-1/2. The Federal Retirement Thrift Investment Board has two years to issue regulations necessary to implement the expanded withdrawal options. While TSP participants will welcome the changes, they may need to wait up to two years to enjoy the expanded options.

See the latest news on the NARFE National website.

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