TSP Modernization Act Passed by House

"...The House on October 11 passed the Thrift Savings Plan Modernization Act, which would give federal employees enrolled in the government retirement plan greater flexibility in withdrawing funds...

The TSP Modernization Act, which was introduced by Reps. Elijah E. Cummings, D-Md., and Mark Meadows, R-N.C., would allow participants to time multiple, partial post-separation withdrawals to their specific needs as well as multiple, age-based withdrawals for working participants older than 59-and-a-half.

“This bill will provide the proud men and women who serve this nation in the civil service and in the military greater control over their own retirement savings and the ability to plan responsibly for their future,” said National Active and Retired Federal Employees Association President Richard G. Thissen..."

Read more at the Military Times