#aae? ,,congress  #a/ ,session  ,h4 ,r4 
#cjca  ,,an ,,act  ,to am5d title #e1   
,unit$ ,/ates ,code1 to provide =       
flexibility 9 mak+ )drawals f a ,?rift  
,sav+s ,plan acc\nt1 & = o!r purposes4  
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,,tsp ,mod]nization ,act ( #bjag4  #b4
 ,?rift ,sav+s ,plan acc\nt )drawal     
flexibility  7a7 ,po/-,sep>ation p>tial 
)drawals ,section #hdcc7;c7 ( title #e1 
,unit$ ,/ates ,code1 is am5d$--  7#a7 9 
p>agraph 7#a7-- 7,a7 by /rik+ & :o has n
 made a )drawal "u subsection           
7h77#a77;,a7 may make "o )drawal &      
ins]t+ may make "o or m )drawals2 &     
7,b7 by /rik+ z a s+le paym5t & ins]t+ 9
 ! same mann] z a s+le paym5t is made2 &
  7#b7 by add+ at ! end ! foll[+3  7#e7 
,)drawals "u ?is subsection %all be     
subject to su* o!r limitations or       
conditions z ! ,executive ,director may 
prescribe by regulation4  4  7b7        
,limitation on return ( paym5t relat+ to
 a *ange 9 election ,section #hdcc7;d7 (
 title #e1 ,unit$ ,/ates ,code1 is      

am5d$--  7#a7 9 p>agraph 7#a71 by ins]t+
 1 except t 9 ! case ( an election to   
receive an annuity1 a =m] employee or   
,memb] may n *ange an election "u ?is   
section on or aft] ! date on :i* an     
annuity contract is pur*as$ to provide =
 ! annuity elect$ by ! =m] employee or  
,memb] aft] ?is sub*apt]2 &  7#b7 9     
p>agraph 7#b7--  7,a7 by /rik+ *ange an 
& ins]t+ return a paym5t t 0 made       
pursuant to an2 &  7,b7 by /rik+ on or  
aft] & all t foll[s ?r\gh ! =m] employee
 or ,memb]4  7c7 ,elim9ation ( automatic
 annuity 9 abs5ce ( election ,section   
#hdcc7;f7 ( title #e1 ,unit$ ,/ates     
,code1 is am5d$-- 7#a7 by /rik+ 7#a7    
,not)/&+ & ins]t+ ,not)/&+2  7#b7 by    
/rik+ ?is p>agraph & ins]t+ ?is         
subsection2 &  7#c7 by /rik+ p>agraph   
7#b74  7d7 ,all[ance ( multiple         
age-,bas$ 9-,s]vice )drawals ,section   
#hdcc7;h7 ( title #e1 ,unit$ ,/ates     
,code1 is am5d$-- 7#a7 by /rik+ p>agraph
 7#b72  7#b7 by r$esignat+ p>agraphs    
7#c71 7#d71 & 7#e7 z p>agraphs 7#b71    

7#c71 & 7#d71 respectively2 &  7#c7 9   
p>agraph 7#c71 z s r$esignat$1 by ins]t+
 limitations or be=e conditions4  7e7   
,te*nical am5dm5t ,section              
#hdcb;b7h77#b77;,a7 ( title #e1 ,unit$  
,/ates ,code1 is am5d$ by /rik+ section 
#hdcc7;d71 or p>agraph 7#a7 or 7#b7 (   
section #hdcc7;h7 & ins]t+ subsection   
7d7 or 7f7 ( section #hdcc4  7f7        
,regulations ,z soon z is practicable1 z
 det]m9$ by ! ,executive ,director ( !  
,f$]al ,retirem5t ,?rift ,inve/m5t      
,bo>d1 b n lat] ?an #b ye>s aft] ! date 
( enactm5t ( ?is ,act1 ! ,executive     
,director %all prescribe su* regulations
 z are necess>y to c>ry out ! am5dm5ts  
made by ?is section4  7g7 ,effective    
date ,! am5dm5ts made by ?is section    
%all take effect on ! date on :i* !     
regulations prescrib$ "u subsection 7f7 
take effect4  ,pass$ ! ,h\se (          
,repres5tatives ,octob] #aa1            
#bjag4;,cl]k4