Kim Weaver

  • With threat over for now, Congress to continue push for TSP withdrawal options during future shutdowns

    Another member of Congress has introduced legislation that would give federal employees the option to take a penalty-free hardship withdrawal from their Thrift Savings Plan during government shutdowns. Meanwhile, the TSP is also still struggling to improve its cybersecurity posture.

  • TSP will allow participants to take loans during next shutdown

    Participants in the Thrift Savings Plan can officially borrow from their own retirement accounts during future government shutdowns.

  • TSP, lawmakers eye further financial hardship flexibilities for feds ahead of future shutdowns

    The agency that administers the Thrift Savings Plan said there may be a legislative movement building in Congress to allow federal employees more flexibility to tap into their TSP accounts with fewer penalties during future government shutdowns.

  • SEC, TSP will hold training for retirement-ready federal employees

    Federal employees considering retirement or leaving federal service can learn more from Thrift Savings Plan expert during a training seminar next week.

  • TSP: Love it or leave it?

    About half of all thrift savings plan account holders move their money to an outside IRA or other investment option when they leave federal service. So who is right, and what is your plan?

  • TSP: Big changes are on the way

    Big changes are coming to the Thrift Saving Plan. Kim Weaver, director of External Affairs for the TSP, joins host Mike Causey on this week’s Your Turn to talk about the changes, which include making it easier for participants to make withdrawals from their accounts. May 23, 2018

  • Influx of new participants, modernization plans behind TSP board’s 20 percent budget boost

    The agency that administers the Thrift Savings Plan is getting a big budget boost next year to handle a growing number of enrollees, staff and responsibilities.

  • House takes on TSP modernization with a bipartisan companion bill

    House Oversight and Government Reform Committee Ranking Member Elijah Cummings (D-Md.) and Government Operations Subcommittee Chairman Mark Meadows introduced the TSP Modernization Act, which would give participants in the Thrift Savings Plan more options and flexibility to withdraw from their accounts. It’s a companion bill to the legislation Sens. Tom Carper (D-Del.) and Rob Portman (R-Ohio.) introduced in April.

  • TSP board to move L fund to 5-year increments

    The Federal Retirement Thrift Investment Board, the agency that administers the Thrift Savings Plan, is also keeping a close eye on 2018 budget process. The board says the proposed changes to the federal retirement system included in the president’s budget request could have significant impacts for retirees and how they participate in the TSP.

  • TSP executive director stepping down after 10 years

    The Federal Retirement Thrift Investment Board is losing its executive director of 10 years. Greg Long announced his resignation during the board’s monthly meeting. In the interim, the agency’s chief investment officer, Ravindra Deo, will serve as the acting executive director while the board conducts a national search for a new leader.