TSP participants whose withdrawals meet the requirements of a qualified hurricane distribution are eligible for certain benefits, including a waiver of the 10% early withdrawal penalty (on distributions of up to $100,000), certain extended tax deadlines, and the ability to spread tax liability over three years. For more specific information, refer to the publication.

To claim a waiver of the 10% early withdrawal penalty or to spread tax liability over three years, a participant must file IRS Form 8915, “Qualified Hurricane Retirement Plan Distributions and Repayments”, with his or her IRS Form 1040, 1040A, or 1040NR.