Apr 11, 2020
How CARES Act RMD Payment Waiver Affects Federal Retirees
"...On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. While the CARES Act provides a number of benefits for those individuals affected by the coronavirus, one is the suspension of required minimum distributions (RMDs) for defined contribution plans including the Thrift Savings Plan (TSP) and traditional IRAs during calendar year 2020.
This column discusses how the waiver of RMDs during calendar year 2020 affects federal employees and annuitants...."