2017 TSP MODERNIZATION ACT TO BE IMPLEMENTED IN SEPTEMBER - June 1, 2018
Officials Outline Plans to Loosen TSP Withdrawal Rules
Erich Wagner, Government Executive
FMA has long had a seat on the Employee Thrift Advisory Council, which advises the Thrift Savings Plan (TSP) Board and has pushed for and endorsed this legislation for many years. We are very pleased our members will greatly benefit from this revision.
The 2017 TSP Modernization Act, enacted last November, will allow federal employees and retirees to make multiple age-based withdrawals from their Thrift Savings Plan accounts and remain eligible for partial withdrawals after they leave government. Additionally, those who have left government would be able to make multiple partial post-separation withdrawals.