House Oversight and Government Reform Committee Ranking Member Elijah Cummings (D-Md.) and Government Operations Subcommittee Chairman Mark Meadows introduced the TSP Modernization Act, which would give participants in the Thrift Savings Plan more options and flexibility to withdraw from their accounts. It’s a companion bill to the legislation Sens. Tom Carper (D-Del.) and Rob Portman (R-Ohio.) introduced in April.
The House Oversight and Government Reform Committee will consider a series of bills this week that could impact the federal workforce. Among them is legislation that would give participants more options to withdraw investments from the Thrift Savings Plan.
The Senate Homeland Security and Government Affairs committee passed the TSP Modernization Act of 2017, along with a handful of other bills that could soon affect the lives and careers of the federal workforce.
The Senate sent the TSP Modernization Act to the president’s desk this week. The bill will give Thrift Savings Plan participants more flexible options for making withdrawals from their accounts.
President Donald Trump has signed legislation allowing federal workers more flexibility in taking withdrawals from their retirement savings.
The Federal Government’s in-house 401(k) plan — the TSP — is changing. How will it affect you? Find out when financial Arthur Stein joins host Mike Causey on this week’s Your Turn radio show. December 13, 2017
Uncle Sam’s in-house 401(k) plan is changing, big time. The question is, will federal investors stick with it when they retire or leave government?
The Federal Retirement Thrift Investment Board, the agency that administers the TSP, is planning a series of sweeping changes to withdrawal rules and installment payments for participants by September 2019.
Stephen Zelcer, a financial advisor for federal employees, explains how the changes to the TSP in 2019 will impact you and what you should keep in mind.