In preparation for the upcoming implementation of the TSP Modernization Act, the Thrift Savings Plan announced this week it will temporarily stop accepting withdrawal requests starting on September 7.
The TSP posted this announcement:
As we prepare for the upcoming launch of new, flexible TSP withdrawal options, we will temporarily stop accepting withdrawal requests after September 6, 2019. The suspension period will extend from September 7 – 14, 2019. Therefore, if you need to withdraw money before the withdrawal changes take effect, we must receive your properly completed request by 11:59 p.m. eastern time on September 6, 2019. We will resume accepting withdrawal requests on September 15, 2019.
We will continue to accept loan requests and other forms not related to withdrawals during this time. This transition period allows us to finish processing withdrawal requests we receive before the rules change and prepare to accept new requests after the new withdrawal options go into effect on September 15.
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