Federal Retirement Thrift Investment Board Announces a Relaxation of Hardship Withdrawal Rules to Help Victims of Hurricane Sandy

WASHINGTON–(BUSINESS WIRE)–The Federal Retirement Thrift Investment Board (FRTIB) announced today that it has made temporary changes to the Thrift Savings Plan (TSP) hardship withdrawal rules to help victims of Hurricane Sandy pursuant to the guidance issued by the Internal Revenue Service on November 16. Beginning today, the TSP will treat any Financial Hardship In-Service Withdrawal Request (Form TSP-76) received until January 25, 2013 as qualifying for a hardship withdrawal if the participa
Source: TSP