New loan and withdrawal options enacted through the CARES Act will become available in June and July, respectively, while officials have noted other options for participants to access their money are already in place.
Although board members stated the pause was because of the turmoil caused by the worldwide coronavirus pandemic, they pleaded with their newly nominated replacements not to allow politics to enter the decision-making process.
Pelosi on Tuesday unveiled legislation that would provide up to $10,000 in premium pay for federal workers on the front lines of the coronavirus outbreak and would prevent agencies from exempting employees from paid sick leave benefits.
The nomination of three new board members follows months of lobbying by Republican lawmakers and advocacy groups to stop the Thrift Savings Plan from changing its international fund to include investments in Chinese companies.
Nineteen senators encourage authorization of a 25% pay increase for frontline federal workers during the coronavirus pandemic, along with more guidance enhancing telework, leave and other protections for employees.