FEDweek

TSP Extends Relaxed Withdrawal Policies Due to Hurricanes

The TSP has extended to Hurricane Irma the same loosened in-service withdrawal policies it previously applied to Hurricane Harvey. Under a policy in effect until January 24, the TSP will not require documentation of loss for those taking a financial hardship withdrawal; those wishing to take a withdrawal should write Hurricane Irma at the top of the withdrawal form and check the box for personal casualty.

For those withdrawals, the TSP will also waive the general policy that those taking a financial hardship withdrawal cannot make new investments for the next six months.