The TSP Modernization Act allows for electronic transfers of funds from Thrift Savings Fund accounts to qualified retirement plans.
The TSP Modernization Act enables the electronic transfer of funds from Thrift Savings Fund accounts to qualified retirement plans, provided the transfer is otherwise permitted. This electronic transfer option becomes available one year after the enactment of the Act. The Executive Director of the Federal Retirement Thrift Investment Board must receive necessary information from the individual before the transfer can be made. A report on the implementation of this provision must be submitted to Congress one year after the Act's enactment.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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