Fedweek

The TSP has temporarily loosed policies regarding financial hardship withdrawals for federal employees who have incurred financial losses due to the California wildfires, or who wish to make a withdrawal to help an affected relative.

Through March 8, the TSP will waive the normal requirement to document a financial hardship; they should write “California wildfires” at top the first page of the hardship withdrawal form, the TSP-76, and “personal casualty loss” as the reason for requesting the withdrawal. Also, the TSP will waive the normal policy barring further investments for the six months after taking such a withdrawal.

The TSP previously made similar changes related to Hurricanes Harvey, Irma and Maria; it originally set a January 24 deadline for making such requests related to all three but has extended it until March 8 for those related to Maria.