TSP MODERNIZATION ACT SIGNED INTO LAW - November 20, 2017
Trump Signs TSP Modernization Act Into Law
President Trump late Friday signed into law the TSP Modernization Act (H.R.3031), making it easier for participants in the federal government’s 401(k)-style retirement program to manage their investments.
The law 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.