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A group of Senate Democrats says the Thrift Savings Plan should do more to give participants an opportunity to invest in funds by racially, ethnically and gender diverse asset managers. They're also seeking more information about the TSP's upcoming mutual fund window planned for next year.
About 89% of participants said they're satisfied with the Thrift Savings Plan in 2021, a 2% bump over last year. The TSP attributes the slight increase to improved satisfaction among military members in the blended retirement system.
Are you saving enough for retirement? Maybe the question nags at you; maybe you wish you thought about it more.
In today's Federal Newscast, the Navy surgeon general says he favor a vaccine mandate for military members.
In today's Federal Newscast, the Treasury Department is temporarily suspending investments in the Thrift Savings Plan's G fund to prevent the government from defaulting on debt.
The agency that manages the Thrift Savings Plan is fielding a growing number of concerns about the financial risks of climate change.
Less than half of Thrift Savings Plan participants know how much they'll need to live comfortably in retirement, according to a recent survey.
President Joe Biden wants the Labor Department to initiate a review of climate-related financial risks on federal employees and their retirement savings, while Congress again wants the Thrift Savings Plan to divest from Chinese companies.
The number of active and retired feds with $1 million or more in their Thrift Savings Plan accounts has jumped to a record 84,808 as of March 31 of this year.
It's a stretch to say Thrift Savings Plan participants are over the G fund, but the array of lifecycle options are picking up popularity for several reasons.
In today's Federal Newscast, officials at the Justice Department are sending a warning to government contractors, they will be turning up the False Claims heat on cybersecurity fraud.
The Thrift Savings Plan had a banner year in 2020, all while participants withdrew nearly $3 billion from the plan due to the ongoing COVID-19 pandemic.
In today's Federal Newscast, the Thrift Savings Plan crosses the $700-billion threshold for the first time ever.
The Thrift Savings Plan will start quietly nudging new participants to contribute more of their income toward their retirements -- by doing it for them.