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New withdrawal options for TSP investors proposed

from The Washington Post

Federal employees would have more options for withdrawing their retirement savings from the Thrift Savings Plan, their 401(k)-style program, under a new bill designed in part to encourage more of them to keep their money in the TSP after leaving the government. A bill offered by Sens. Rob Portman, R-OH, and Thomas R. Carper, D-DE, on the 30th anniversary of the TSP’s launch seeks to bring the program — whose terms are set by law that has changed little over time — more up-to-date with similar programs. more

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