Last month the Thrift Savings Plan implemented a series of changes in withdrawal rules it hopes/expects will lead to more people leaving their investments in the TSP when they leave government.
In today's Federal Newscast, Veterans Affairs launched a new training program to help employees impacted by the agency's ongoing electronic health record modernization.
Thrift Savings Plan participants officially have access now to a variety of new withdrawal options. Here's what they mean, and here's how they might help you stay in the TSP longer into retirement.
The Thrift Savings Plan is an important part of retirement security for federal employees and has launched several new options for how to manage or take withdrawals from one's account.
Effective Sept. 15, major changes will take effect in the TSP, changes that will make it more attractive for life-time investors and more convenient for people who need to withdraw different amounts over their retirement.
Two senators are also questioning the Federal Retirement Thrift Investment Board's decision to move the Thrift Savings Plan's I fund to a new index.
September's new Thrift Savings Plan withdrawal options should keep many more investors in the TSP in future. Here's an FAQ on the changes.
Despite the TSP's money-saving low administrative fees many retirees want more investment options and also more freedom to get at their money.
New withdrawal options and a strategy to help participants with catch-up contributions are among the new features coming to the Thrift Savings Plan within the next year so.
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.
The Federal Retirement Thrift Investment Board, the agency that administers the TSP, is also designing new forms that will help walk participants through the coming changes to their withdrawal options.
The agency that administers the Thrift Savings Plan is planning to implement new withdrawal options for its participants by next September. Here's what participants need to know about those options.
All but one fund in the Thrift Savings Plan continued to make positive gains between April and May, and only one finished the month in the red.
The Federal Retirement Thrift Investment Board, the agency that administers the TSP, is planning a series of sweeping changes to withdrawal rules and installment payments for participants by September 2019.