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For TSP participants, more changes from SECURE 2.0 are coming soon

December 18, 2023

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Participants in the Thrift Savings Plan should be on the lookout for several upcoming changes that will affect their retirement savings accounts.

Those changes come from the SECURE 2.0 Act, which President Joe Biden signed into law in December 2022. The legislation aims to make it easier for TSP participants — and others enrolled in employer-sponsored 401(k) plans — to save for retirement.

“Several provisions in the new law affect the TSP and how TSP participants contribute to and use their TSP savings,” the Federal Retirement Thrift Investment Board (FRTIB) said in SECURE 2.0 guidance on its website.

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