Federal Newscast

The number of so-called TSP millionaires trends downward

There are now about 10,000 fewer TSP millionaires.

Michele Sandiford

April 20, 2026 1:44 pm

< a min read

The number of so-called “TSP millionaires” is trending downward. As of April 1, there were about 185,000 Thrift Savings Plan participants with accounts totaling over $1 million. Compared with the previous fiscal quarter, that means there are now about 10,000 fewer TSP millionaires. Latest reports show that million-dollar accounts make up about 2.5% of the nearly 7.3 million total TSP accounts.
(Account balance report, fiscal 2026, quarter 2 - Federal Retirement Thrift Investment Board)

Bipartisan senators are once again trying to tweak federal retirement calculations. Recently reintroduced legislation would clarify how retirement annuity supplements are divided in cases involving court-ordered divorce settlements. The bill would also require agencies to repay funds that were previously collected from affected federal retirees. Advocates of the legislation say the current calculation is unfair, sometimes reducing benefits or creating debts for federal annuitants.
(Sens. James Lankford (R-Okla.) and John Fetterman (D-Pa.) - Retirement Annuity Supplement Clarity Act)

The Freedom of Information Act Advisory Committee is seeking new members. The National Archives and Records Administration is renewing the charter for the committee for the 2026 to 2028 term. Nominations for the FOIA Advisory Committee are due by June 1. The committee includes both federal and non-federal representatives working to improve governmentwide FOIA processes. In recent years, the group has advanced recommendations on issues ranging from FOIA training to the use of artificial intelligence.
(FOIA Advisory Committee charter renewal and solicitation of nominations - Federal Register )

Agencies have three weeks to send the Office of Management and Budget data about any non-commercial buys between April 15 and September 30, of last year. The data should include the total value and number of non-commercial contracts awarded during that time and the award tracking number, called the procurement instrument identifier. These and other requirements come from a new OMB memo further implementing President Donald Trump's April 2025 executive order, which reinforced and reaffirmed the goal of the Federal Acquisition Streamlining Act to buy commercial products and services whenever possible.
(OMB seeks data from agencies on non-commercial buys - White House)

The National Institute of Standards and Technology is updating its approach to managing software vulnerabilities. NIST will now limit the types of software vulnerabilities that it includes in the National Vulnerability Database. The NIST program had previously aimed to capture all cybersecurity vulnerabilities and exposures. But NIST said it now needs to prioritize certain vulnerabilities due to an explosion of CVE submissions over the past five years. NIST will now prioritize CVEs that appear in the Known Vulnerabilities and Exposures catalog and in software relied upon by the federal government and critical infrastructure sectors.
(NIST updates NVD operations to address record CVE growth - National Institute of Standards and Technology)

The White House has tapped Major General Christopher Niemi to serve as the Air Force’s first chief modernization officer. As part of the service’s overhaul, the Air Force is consolidating functions from its provisional Integrated Capabilities Command directly into Headquarters Air Force rather than establishing a new major command. The service is creating the first-ever chief modernization officer role to oversee enterprise-wide priorities. Niemi previously led the provisional Integrated Capabilities Command from September 2025 until its deactivation in March 2026. The creation of ICC was one of the most ambitious efforts introduced by former Air Force Secretary Frank Kendall.
(White House taps Niemi as Air Force's first chief modernization officer - Congress.gov)

Casey Mulligan has left his role as the chief counsel in SBA's Office of Advocacy after only nine months. The Senate confirmed Mulligan in September. He's now the chief economist and chief regulatory officer at the Department of Health and Human Services. In that role, he'll advise HHS leadership on policy development to make healthcare more affordable. He will lead efforts to do cost-benefit analysis of regulations, econometric modeling and program evaluation of major expenditures. Before joining SBA, Mulligan was a professor of economics a the University of Chicago for 32 years.
(Mulligan leaves SBA, joins HHS after only 9 months - Department of Health and Human Services)

A familiar face takes over as the head of GSA's Federal Acquisition Service. Laura Stanton is the new interim commissioner of GSA's Federal Acquisition Service. She replaces Josh Gruenbaum, who led FAS for the past 15 months. GSA didn't say where Gruenbaum was heading next. Stanton has worked at GSA for 29 years, including the last year as the FAS deputy commissioner. She also worked in several other leadership roles including being the assistant commissioner for the IT category and the assistant commissioner for enterprise strategy management. Gruenbaum came to GSA with a goal of shaking things up. Among his accomplishments is the establishment of the OneGov strategy to create enterprisewide contracts for common technology products and services.
(Stanton to take over as acting FAS commissioner at GSA - Federal News Network)

Lawmakers are pressing the Army on its request to consolidate more budget lines across procurement and research and development accounts. For example, the service has combined 41 funding lines for its command and control programs to just four broader lines. The service’s budget request also cuts financial management and audit readiness lines by $200 million as the Defense Department is pursuing a goal of achieving a clean audit opinion by 2028. Army Secretary Daniel Driscoll argued the current budget structure is too rigid to keep pace with rapidly evolving technologies and said the service can provide transparency through its Vantage dashboard, which would give Congress real-time visibility into how funds are spent. In 2025, Congress authorized the Army to consolidate 13 budget line items related to drones and electronic warfare.
(Lawmakers press Army on additional budget line consolidation - House Appropriations Committee)