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
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.