Kim Weaver

  • TSP assets top $400B for first time; L Fund revamp continues

    Thanks to a roaring stock market in February, total assets in the Thrift Savings Plan have climbed to the highest level in the plan’s history. All told, assets in the TSP exceeded $400 billion at the end of last month. At the Federal Retirement Thrift Investment Board’s monthly meeting Thursday, board members heard another recommendation to revamp the Lifecycle Funds.

  • In Depth Show Blog – Feb. 25, 2014

    On the In Depth show blog, you can listen to our interviews, find more information about the guests on the show each day, as well as links to other stories and resources we discuss.

  • In Depth Show Blog – January 28, 2014

    On the In Depth show blog, you can listen to our interviews, find more information about the guests on the show each day, as well as links to other stories and resources we discuss.

  • TSP loans, hardship withdrawals hit 10-year high last year

    More Thrift Savings Plan participants withdrew money from their accounts early in 2013 than in any other year over the past decade. The board processed a total of 291,000 loans and about 138,000 hardship withdrawals last year, according to statistics presented at the board’s monthly meeting Monday. More than 14,000 of the hardship withdrawals taken last year came during the month of October, when partisan gridlock led to a 16-day government shutdown and financial uncertainty and delayed paychecks for thousands of federal employees.

  • TSP seeks to supplant G Fund in automatic enrollments

    Federal employees could soon be seeing a lot less of the G Fund in their Thrift Savings plan accounts. Instead of being automatically enrolled solely in government securities, new plan participants would be shifted to an age-appropriate Lifecycle, or L, Fund as their default investing option under a proposal approved by the Federal Retirement Thrift Investment Board Monday. The proposal ultimately requires action by Congress.

  • Feds who took TSP withdrawals during shutdown locked out of contributing for next six months

    During the 16-day government shutdown last month, more than 14,000 Thrift Savings Plan participants withdrew money from their accounts, the highest number of hardship withdrawals in a single month ever. This may have helped participants weather the financial uncertainty of the shutdown. But, under TSP rules, it also means they’ll be unable to contribute to their 401(k)-style retirement accounts for the next six months. Now, the Federal Retirement Thrift Investment Board, which oversees the TSP, is concerned that not all those participants will take the initiative to restart their contributions when the penalty period expires next spring.

  • In Depth Show Blog – October 30, 2013

    On the In Depth show blog, you can listen to our interviews, find more information about the guests on the show each day, as well as links to other stories and resources we discuss.

  • Learn more about your TSP

    Greg Long, executive director of the Federal Retirement Thrift Investment Board, and Kim Weaver, the TSP’s director of External Affairs will answer your calls and emails about the TSP. October 7, 2013

  • In Depth Show Blog – October 2, 2013

    On the In Depth show blog, you can listen to our interviews, find more information about the guests on the show each day, as well as links to other stories and resources we discuss.

  • In Depth Show Blog – September 24, 2013

    On the In Depth show blog, you can listen to our interviews, find more information about the guests on the show each day, as well as links to other stories and resources we discuss.