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 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.
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.
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.
Kim Weaver, director of external affairs for the Thrift Savings Plan, joins host Mike Causey on this week's Your Turn to answer your questions about how the TSP works. February 22, 2017
2016 was a good year for fed workers investing in TSP, despite ups and downs in the market. Senior Correspondent Mike Causey digs deeper into what's coming up next.
The Federal Retirement Thrift Investment Board is doubling the amount of contractors competing to provide financial management consultation for the TSP.
The Thrift Savings Plan is warning enrollees not to make rash decisions as a result of a down market, following Britain's vote to leave the European Union.
Self service and longer hours for the call center are two goals of an ambitious project to update the way the Thrift Savings Plan interacts with federal employees. Kim Weaver, director of external affairs for the Federal Retirement Thrift Investment Board, joins Federal Drive with Tom Temin with a status report on Project ExPRESS.
Three proposals hiding in the fiscal 2017 budget plan House Republicans submitted last week could potentially impact federal employees' pay and retirement benefits in the future.
Fewer federal employees made hardship withdrawals from their Thrift Savings Plan accounts in 2015 compared to the previous year. But more feds took age-based withdrawals from the TSP last year.
The Federal Retirement Thrift Investment Board approved changes in how the TSP allocates investments in its lifecycle funds.
Just weeks after new federal employees began placing their retirement savings into Lifecycle Funds by default, the board that governs the plans is considering changing how it allocates investments in the funds. Kim Weaver, director of external affairs at the Federal Retirement Thrift Investment Board, the panel that oversees the TSP, talked to In Depth with Francis Rose about the L funds, and some of the changes the board is looking at.
The Congressional Budget Office says the TSP G Fund investments will stop on Oct. 30 unless Congress can reach a deal, but feds won't see their savings dip.
The Thrift Savings Plan has something federal agencies don't have. The Federal Retirement Thrift Investment Board approved a $219 million budget for the coming year. In Depth with Francis Rose told Kim Weaver, director of External Affairs at the TSP, that TSP participants are probably jealous of her agency since it's budget is already in place.