TSP
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A sophisticated cyber attack against the Thrift Savings Plan contractor responsible for maintaining the agency's data centers compromised the information of 123,000 TSP participants. However, there is no indication the data has been misused, according to the Federal Retirement Thrift Investment Board. There is also no indication that the TSP's network or its website were affected.
May 25, 2012 -
Six of the eight Thrift Savings Plans funds are down over the last month. The I and S funds have taken the biggest hits. The Federal Retirement Thrift Investment Board said the rollout of the Roth TSP option has been slow, but should pick up in the next few weeks.
May 22, 2012 -
Joan Melanson from Long Term Care Partners and retirement benefits specialist James Marshall will talk about the retirement and insurance options that feds should consider. May 18, 2012
May 18, 2012 -
Do you know the difference between a Roth IRA and the Roth TSP option? Because if you don't, it could cost you thousands of dollars in taxes and in future income when you retire, Senior Correspondent Mike Causey says.
May 15, 2012 -
Sen. Daniel Akaka (D-Hawaii) introduced legislation Monday that would automatically increase new federal employees' contribution rate to their federal 401(k) style Thrift Savings Plan. the "Save More Tomorrow Act," would automatically escalate the contribution annually by 1 percent for the two years following enrollment. That gradually raises the contribution rate to 5 percent, making employees eligible for matching contributions from their agencies.
May 14, 2012 -
The Thrift Savings Plan's Roth option rolls out today. The Federal Retirement Thrift Investment Board has been preparing for the new program for two years now, but despite the big push today many federal employees will actually have to wait to enroll in the new program. One of the largest federal payroll processors needs more time to upgrade its systems in preparation for the Roth option. Find information about which agencies are affected, as well as the five things feds should know about the Roth TSP below.
May 04, 2012 -
Thrift Savings Plan figures, which had been in an upward climb, appear to have stalled in April, with seven of the 10 funds finishing in the red last month
May 02, 2012 -
Of the more than 8,200 respondents, 86 percent were satisfied with TSP, according to the survey by the Federal Retirement Thrift Investment Board.
May 01, 2012 -
Registered employee benefit consultant Ed Zurndorfer joined The Federal Drive with Tom Temin and Emily Kopp to explain this provision, and other proposals that Congress is considering that impact your wallet.
April 27, 2012 -
In a rare bipartisan move, the House oversight committee voted to bring a bill allowing phased retirements of federal employees to the floor for a general vote.
April 19, 2012 -
Economist Dave Redden tells For Your Benefit that young people just starting in the federal service stand to gain the most from tax-free funds in retirement.
April 16, 2012 -
The Roth option for the Thrift Savings Plan, which was announced earlier this week, will be delayed for employees in the Defense Department and other agencies. Originally set for a May 7 launch, members of the military may have to wait as late as October to choose the option.
April 13, 2012 -
The Roth option for the Thrift Savings Plan, which will allow federal employees to contribute after-tax dollars toward their retirement-savings accounts, will launch May 7, the Federal Retirement Thrift Investment Board announced today. The board, which first began planning the Roth TSP in June 2009 when it was authorized, made the announcement at its quarterly meeting of TSP coordinators.
April 11, 2012 -
If you have a stash of cash and you want to park it in one of the safest, most generous places around, where do you go? Tip: It isn't the Thrift Savings Plan, Senior Correspondent Mike Causey says.
April 04, 2012 -
Thrift Savings Plan figures continued to climb in the early months of 2012, as nearly all funds posted positive numbers for the month of March and for the year. Only the F Fund dipped into the negative at the end of the month.
April 03, 2012