Let me begin by reminding people that the proposed rule on Additional Withdrawal Options for the Thrift Savings Plan has been published and interested parties (such as TSP participants and beneficiaries) can submit comments on the proposed rule. Comments must be submitted on or before August 9, 2019. Here's a link to the proposed rule:
https://www.govinfo.gov/content/pkg/FR- ... dium=email
Next, this quote is from the recently posted (April 2019) minutes of the Federal Retirement Thrift Investment Board:
"Mr. Tanner Nohe, Supervisory Project Manager, provided an update on the
Additional Withdrawals Project. See "Additional Withdrawals Project" (attached). Mr.
Nohe explained that phase 1 of the project, Installment Maintenance/Withdrawal
Deadline, has completed systems testing and has moved into user acceptance testing.
With respect to phase 2, post-separation withdrawals, development is 99 percent
complete and will wrap up in the coming days, but systems testing is just beginning and
is only 6 percent complete. Regarding phase 3, in-service withdrawals, development is
about 4 7 percent complete, and testing is not yet underway. Development of phase 3
should be completed by the end of June 2019, at which point testing will begin.
Mr. Nohe explained that there is only one high-probability, high-impact
project risk, and that is the development of web wizards. However, the overall timeline
remains unchanged. The next major milestone for the project will be proposed
regulations. Draft regulations are currently circulating internally within the Agency. It is
anticipated that proposed regulations will be published in the Federal Register in June
Here's a link to the April minutes that contained the above quote:
Here's a link to the FRTIB staff's April PowerPoint presentation on the Additional Withdrawal Options project:
https://www.frtib.gov/pdf/minutes/2019/ ... r-Att9.pdf
The PowerPoint presentation still lists September 15, 2019 as the date the Additional Withdrawal Options will be available to TSP participants.