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FLEOA's TSP Bill - H.R. 2146 - Prevails!!

Today, the Senate passed H.R. 2146 which will allow federal public safety officers to access their Thrift Savings Plan at age 50 without incurring the IRS 10% penalty. This puts federal officers on par with their state and local counterparts who may access their defined benefit plans, without penalty, at age 50. FLEOA submitted the draft proposal for this legislation to Congressman Reichert during the prior Congressional session, and the Congressman took the lead in reintroducing it this year.

Read the Press Release in its Entirety