Kim Weaver
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Within the $219 million budget is money to speed up the board's cybersecurity plans and prepare for changes to the military retirement system. The board is also considering automatic escalation of contribution levels.
September 14, 2015 -
Getting your money out of your Thrift Savings Plan account could get easier in the future. The Federal Retirement Thrift Investment Board approves the pursuit of changes to withdrawal options for TSP participants. Kim Weaver is director of external affairs at the Federal Retirement Thrift Investment Board. She tells In Depth with Francis Rose why the TSP wants to make the change.
July 28, 2015 -
At its monthly meeting on Monday, the Federal Retirement Thrift Investment Board made two decisions that could have a big impact for federal employees participating in the Thrift Savings Plan.
July 28, 2015 -
The Senate is working on a long-term highway spending bill that taps billions of dollars from the Thrift Savings Plan to help pay for it. House budget writers say the G-fund is just too good of a deal and they want to base the fund's interest rate on a three month average instead of the current four-year average. Kim Weaver of the Federal Retirement Thrift Investment Board says that would make the G-fund virtually worthless for TSP participants. Jessica Klement is legislative director of the National Active and Retired Federal Employees Association. She tells In Depth with Francis Rose that NARFE wants Congress to come up with another solution.
July 21, 2015 -
The congressional stalemate over funding a long-term highway bill is reviving fears that lawmakers could raid the Thrift Savings Plan. House Republicans have proposed cutting the G Fund's interest rate to free up $32 billion over ten years.
July 14, 2015 -
Congress is working on two bills that impact the Thrift Savings Plan. But this time you don't need to worry about someone messing up a good thing. Kim Weaver is director of external affairs at the Federal Retirement Thrift Investment Board. She tells In Depth with Francis Rose how both bills may affect you.
June 30, 2015 -
A hidden proposal in the new budget resolution the House of Representatives is about to pass would change the way the G-Fund in the Thrift Savings Plan bears interest. The idea is to save the government money by paying less into the fund. But that means participants would receive less money out of the fund. Kim Weaver, director of external affairs for the Federal Retirement Thrift Investment Board, tells In Depth with Francis Rose, about the details behind the proposal and why it could be a big headache.
March 24, 2015 -
"It would drop the interest to virtually zero, which would make the G Fund worthless to our participants," the Federal Retirement Thrift Investment Board's Kim Weaver said of the House proposal.
March 23, 2015 -
More of your colleagues than ever invest for retirement in the Thrift Savings Plan. 88 percent of FERS employees across government save in TSP accounts. Kim Weaver is director of external affairs at the Federal Retirement Thrift Investment Board. On In Depth with Francis Rose, she told what the TSP thinks that number means.
February 24, 2015 -
A snowstorm forced the Federal Retirement Thrift Investment Board to close down one of its call centers on the busiest call day of the year.
February 23, 2015 -
Retirement plan participants last year paid less than 29 cents in administrative costs for every $1,000 they invested, the Federal Retirement Thrift Investment Board's Kim Weaver told Francis Rose.
January 28, 2015 -
A new outreach initiative at the Thrift Savings Plan comes from their Enterprise Risk Management Office. That Office is about two years old. The TSP wants the longest list possible of potential risks to their operation. Kim Weaver is director of external affairs at the TSP. On In Depth with Francis Rose, she said the ERM Office's new effort will look at risk in a number of different ways.
January 27, 2015 -
The G-fund never has a bad day, which is the good news. The bad news, says Senior Correspondent Mike Causey, is that the G-fund also never has a really good day.
January 20, 2015 -
President Obama signs a bill that changes how new Federal employees will save for retirement. Instead of having 3% of their pay go into the G Fund if they don't choose for themselves, the money will go into one of the TSP's lifecycle funds. Kim Weaver is director of external affairs at the Federal Retirement Thrift Investment Board. On In Depth with Francis Rose, she said the TSP has been behind this idea for a long time.
December 17, 2014 -
Now that Congress has passed the Smart Savings Act, the Federal Retirement Thrift Investment Board is programming a new savings default option for those who join the federal government late next year.
December 15, 2014