An act to amend title 5, United States Code, to provide for flexibility in making withdrawals from a Thrift Savings Plan account, and for other purposes
PL 115-84 (H.R.3031), enacted 11/17/2017

131 STAT. 1272 
PUBLIC LAW 115–84—NOV. 17, 2017 
Public Law 115–84 
115th Congress 
An Act 
To amend title 5, United States Code, to provide for flexibility in making withdrawals 
from a Thrift Savings Plan account, and for other purposes. 
Be it enacted by the Senate and House of Representatives of 
the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘TSP Modernization Act of 2017’’. 
SEC. 2. THRIFT SAVINGS PLAN ACCOUNT WITHDRAWAL FLEXIBILITY. 
(a) POST-SEPARATION PARTIAL WITHDRAWALS.—Section 8433(c) 
of title 5, United States Code, is amended— 
(1) in paragraph (1)— 
(A) by striking ‘‘and who has not made a withdrawal 
under subsection (h)(1)(A) may make one withdrawal’’ and 
inserting ‘‘may make one or more withdrawals’’; and 
(B) by striking ‘‘as a single payment’’ and inserting 
‘‘in the same manner as a single payment is made’’; and 
(2) by adding at the end the following: 
‘‘(5) Withdrawals under this subsection shall be subject to such 
other limitations or conditions as the Executive Director may pre-
scribe by regulation.’’. 
(b) LIMITATION ON RETURN OF PAYMENT RELATING TO A CHANGE 
IN ELECTION.—Section 8433(d) of title 5, United States Code, is 
amended— 
(1) in paragraph (1), by inserting ‘‘, except that in the 
case of an election to receive an annuity, a former employee 
or Member may not change an election under this section 
on or after the date on which an annuity contract is purchased 
to provide for the annuity elected by the former employee 
or Member’’ after ‘‘this subchapter’’; and 
(2) in paragraph (2)— 
(A) by striking ‘‘change an’’ and inserting ‘‘return a 
payment that was made pursuant to an’’; and 
(B) by striking ‘‘on or after’’ and all that follows through 
‘‘the former employee or Member’’. 
(c) ELIMINATION OF AUTOMATIC ANNUITY IN ABSENCE OF ELEC-
TION.—Section 8433(f) of title 5, United States Code, is amended— 
(1) by striking ‘‘(1) Notwithstanding’’ and inserting ‘‘Not-
withstanding’’; 
(2) by striking ‘‘this paragraph’’ and inserting ‘‘this sub-
section’’; and 
(3) by striking paragraph (2). 
TSP 
Modernization 
Act of 2017. 
5 USC 101 note. 
Nov. 17, 2017 
[H.R. 3031] 
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131 STAT. 1273 
PUBLIC LAW 115–84—NOV. 17, 2017 
LEGISLATIVE HISTORY—H.R. 3031 (S. 873): 
HOUSE REPORTS: No. 115–343 (Comm. on Oversight and Government Reform). 
SENATE REPORTS: No. 115–183 (Comm. on Homeland Security and Governmental 
Affairs) accompanying S. 873. 
CONGRESSIONAL RECORD, Vol. 163 (2017): 
Oct. 11, considered and passed House. 
Nov. 6, considered and passed Senate. 
(d) ALLOWANCE
OF MULTIPLE AGE-BASED IN-SERVICE WITH-
DRAWALS.—Section 8433(h) of title 5, United States Code, is 
amended— 
(1) by striking paragraph (2); 
(2) by redesignating paragraphs (3), (4), and (5) as para-
graphs (2), (3), and (4), respectively; and 
(3) in paragraph (3), as so redesignated, by inserting 
‘‘limitations or’’ before ‘‘conditions’’. 
(e) TECHNICAL AMENDMENT.—Section 8432b(h)(2)(A) of title 5, 
United States Code, is amended by striking ‘‘section 8433(d), or 
paragraph (1) or (2) of section 8433(h)’’ and inserting ‘‘subsection 
(d) or (f) of section 8433’’. 
(f) REGULATIONS.—As soon as is practicable, as determined 
by the Executive Director of the Federal Retirement Thrift Invest-
ment Board, but not later than 2 years after the date of enactment 
of this Act, the Executive Director shall prescribe such regulations 
as are necessary to carry out the amendments made by this section. 
(g) EFFECTIVE DATE.—The amendments made by this section 
shall take effect on the date on which the regulations prescribed 
under subsection (f) take effect. 
Approved November 17, 2017. 
5 USC 8432b 
note. 
Time period. 
5 USC 8433 note. 
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