The Federal Retirement Thrift Investment Board, the agency that administers the TSP, is also designing new forms that will help walk participants through the coming changes to their withdrawal options.
The Federal Retirement Thrift Investment Board, the agency that administers the Thrift Savings Plan, said it will begin a 15-year plan to add more stock holdings to some participants’ investments in the lifecycle funds.
The Federal Retirement Thrift Investment Board, the agency that administers the TSP, is planning a series of sweeping changes to withdrawal rules and installment payments for participants by September 2019.
About 20,000 new opt-ins to the blended retirement system aren’t taking full advantage of the Thrift Savings Plan and its benefits.
A powerful wind storm earlier this month knocked out power at the Thrift Savings Plan’s data center, which left participants without a way to contact the agency for several hours March 2.
In today’s Federal Newscast, a new report from the Office of Management and Budget weighs the costs and benefits of federal regulations.
Nearly 120,000 callers spent 5 minutes or longer waiting for a Thrift Savings Plan call representative to pick up the phone last month, a metric that’s well short of the TSP agency’s customer service goals.
Senior Correspondent Mike Causey says the G fund becomes a political football each time Congress debates raising the debt ceiling, and that makes many investors nervous.
Each year, thousands of Thrift Savings Plan participants max out their annual contributions too early and miss out on their agency’s matching contribution.
The Senate sent the TSP Modernization Act to the president’s desk this week. The bill will give Thrift Savings Plan participants more flexible options for making withdrawals from their accounts.