TSP Announces Temporary Loan and Withdrawal Options for Participants Affected by COVID-19

Thrift Savings Plan announces temporary loan and withdrawal actions for participants affected by COVID-19: The CARES Act allows TSP to offer temporary loan and withdrawal options to TSP participants affected by COVID-19. TSP recently announced that the loan options described will be available no later than June 22, 2020, and that the withdrawal options will be available in mid-July 2020. Both the loan and withdrawal options are available to participants that can certify they meet specific criteria. Details here: https://www.tsp.gov/whatsnew/Content/index.html#CARESupdate