Senators introduce bipartisan legislation to relax withdraw rules for Thrift Savings Plan (by Hazel Bradford)
Bipartisan legislation to loosen withdrawal rules for the Federal Thrift Savings Plan was introduced Thursday by Sens. Rob Portman, R-Ohio, and Tom Carper, D-R.I.
The proposed changes would address what the bill sponsors characterized as overly restrictive withdrawal rules that, according to TSP surveys, are a significant reason for the $9 billion transferred out of the plan every year into higher-fee accounts when employees leave the federal government.
