TSP Withdrawal Options Bill Introduced
Quote:
Representatives Introduce TSP Withdrawal Options Bill — (June 26, 2017) On June 23, Rep. Elijah E. Cummings and Rep. Mark Meadows introduced a bill, H.R. 3031, to provide more flexibility on TSP participants’ withdrawal options. The bill would eliminate the restriction that participants cannot take partial post-separation withdrawals if they’ve already taken an age-based in-service withdrawal. It would also permit multiple post-separation withdrawals. Additionally, the bill would allow multiple age-based withdrawals while a participant is still working. Participants would also be able to stop monthly payments and elect to purchase an annuity while receiving monthly payments.
https://www.tsp.gov/whatsnew/Content/index.html#bill
Re: TSP Withdrawal Options Bill Introduced
It's about time. Let's hope it gets some legs under it.
Re: TSP Withdrawal Options Bill Introduced
Quote:
Originally Posted by
alevin
It's about time. Let's hope it gets some legs under it.
Yes, there is!
Last April a similar bill was entered in the Senate. This companion bill in the House on June 26 is a good indication that it does 'have legs'.
Plus it is supported by the FRTIB.
And finally, they all think (and rightly so!) that this new bill will stem the tide of retirees exiting the TSP. So they will get to 'keep' the half trillion that is currently in the TSP.
Interesting article on this in the Washington Post:
https://www.washingtonpost.com/news/...=.872f257e3ff3
Still not getting more than 2 IFTs a month though! :blink:
Re: TSP Withdrawal Options Bill Introduced
On yeah....and both bills are bipartisan, both sponsored by R's AND D's!!
This is happening! :dance::dance:
Re: New TSP Withdrawal Options Legislation Introduced
NARFE had a webinar regarding benefits of the TSP and leaving $$ there. It was interesting when a couple had both worked for the Gov't and both had TSP's. You can be a member to get to this webinar (and others) for $39.95. A lot of them are put together by Tammy Flanagan. She is a long time HR person. Just my 2 cents worth.
smile
Re: New TSP Withdrawal Options Legislation Introduced
See more recent posts on this topic in the
http://www.tsptalk.com/mb/tsp-talk-n...ntroduced.html
thread. :D
Re: New TSP Withdrawal Options Legislation Introduced
Re: New TSP Withdrawal Options Legislation Introduced
Quote:
Originally Posted by
2moryrs
NARFE had a webinar regarding benefits of the TSP and leaving $$ there. It was interesting when a couple had both worked for the Gov't and both had TSP's. You can be a member to get to this webinar (and others) for $39.95. A lot of them are put together by Tammy Flanagan. She is a long time HR person. Just my 2 cents worth.
smile
You can also access many of Tammy Flanagan's articles on www.goveexc.com.
My Federal Retirement is also loaded with an abundance of information on retirement.
My Federal Retirement - FERS / CSRS / Thrift Savings Plan
Just An FYI.