FRTIB
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The Federal Retirement Thrift Investment Board is eyeing another potential tweak to the Thrift Savings Plan's Lifecycle Funds — their name. Lifecycle Funds, also known as L Funds or target-date funds, are made up of a mix of the five core TSP funds that shifts over time. But board members are concerned the "fund" label may be confusing to TSP participants. In its place, the board is considering changing the name to "Lifecycle strategies."
February 24, 2014 -
Nearly all the funds in the Thrift Savings Plan finished December in positive territory, helping fuel largely across-the-board gains for the year, according to new data from the Federal Retirement Thrift Investment Board. The C and S Funds posted the largest gains of 2013. The F Fund, tracked to the performance of the U.S. bond market, including government, corporate and mortgage-backed bonds, is the only fund to end the year in the red.
January 03, 2014 -
If the proposed budget deal becomes law, new federal workers will see a total of 10.6 percent of their salaries automatically withheld from their paychecks to cover their retirement benefits. That could lead to them contributing less or not at all to their voluntary Thrift Savings Plan accounts, experts said.
December 11, 2013 -
A new bill would allow federal employees to contribute toward their retirement by investing only in companies deemed socially responsible. The "Federal Employees Responsible Investment Act," introduced this week by Rep. Jim Langevin (D-R.I.) and Sen. Sheldon Whitehouse (D-R.I.), would require the Federal Retirement Thrift Investment Board to add a "Corporate Responsibility Index" to the existing five investment options available to federal employees.
November 22, 2013 -
The Federal Retirement Thrift Investment Board kicked off this week a multimillion-dollar plan to revamp the Thrift Savings Plan. The $2.3 million initiative, which was approved by board members last month, calls for TSP officials to broadly survey participants on the services and offerings they desire as well as how the TSP stacks up against other plans, including those in the private sector.
October 15, 2013 -
After tanking in August, all the funds in the Thrift Savings Plan bounced back last month, according to data from the Federal Retirement Thrift Investment Board.
October 02, 2013 -
Members of the Federal Retirement Thrift Investment Board approved a nearly 18 percent increase in the agency's budget for the coming fiscal year that will help lay the groundwork for a wholesale overhaul of the TSP participant experience, board officials say. The single, new initiative included in the 2014 budget is the first in a series of steps built around redesigning the entire participant experience, the board's executive director, Greg Long told board members.
September 23, 2013 -
Updated Thrift Savings Plan regulations would allow the same-sex spouse of a TSP participant to collect death benefits as long as they were married in a state that recognizes same-sex unions, regardless of where they live currently.
September 20, 2013 -
Every TSP fund -- with the exception of the ever-reliable government-securities G Fund -- finished last month in negative territory, according to new data from the Federal Retirement Thrift Investment Board.
July 01, 2013 -
The Federal Retirement Thrift Investment Board is setting the stage for a major new multiyear initiative to study the needs of Thrift Savings Plan participants and improve its services. The first step in the process will be determining benchmarks for how the board currently operates and communicates with participants, said Kim Weaver, the board's director of external affairs.
June 26, 2013 -
The Federal Retirement Thrift Investment Board says offering federal employees an extra loan option through their Thrift Savings Plans to cushion the impact of furloughs would require too much effort to implement and may not help the employees all that much. Several federal-employee unions have lobbied the board to add a second general purpose loan option to help cushion the blow of furloughs. But at a Employee Thrift Advisory Council meeting April 22, the board quashed the idea, citing the complexity surrounding the changes.
April 23, 2013 -
Under temporary rules issued by the Federal Retirement Thrift Investment Board, feds can continue to contribute to their Thrift Savings Plan. FRTIB will waive a rule that prevents contributions for six months after taking a hardship withdrawal.
November 23, 2012 -
For the second month in a row, performance in all 10 of the Thrift Savings Plan funds posted positive returns, with double-digit gains in many of the funds year-to-date.
October 01, 2012 -
Returns for the Thrift Savings Plan continued their steady upward climb last month, with all funds posting in positive territory for the month of August, according to new data from the Federal Retirement Thrift Investment Board.
September 05, 2012 -
Kim Weaver, director of the Federal Retirement Thrift Investment Board, told In Depth with Francis Rose feds will soon be able to access videos online explaining some of the more complicated aspects of their Thrift Savings Plan accounts.
August 29, 2012