Thrift Savings Plan closed for Hurricane Sandy, along with the financial markets

By Amanda Palleschi

October 30, 2012

Thrift Savings Plan participants who submitted transactions after noon on Oct. 26 will have to wait until Wednesday for those transactions to be processed, TSP has announced.

Like U.S. financial markets, TSP was closed Oct. 29-30 due to Hurricane Sandy.

TSP said transactions it received after noon on Oct. 26 will be processed by close of business on the day the market reopens. TSP and the U.S. markets plan to reopen Wednesday.

Transaction response times also could be slower than usual this week due to daily routine system maintenance backups between 12 a.m. and 4 a.m. Eastern Daylight Time, according to TSP’s website.

(Image via wrangler/Shutterstock.com)


By Amanda Palleschi

October 30, 2012

http://www.govexec.com/pay-benefits/2012/10/thrift-savings-plan-closed-hurricane-sandy-along-financial-markets/59125/