The Federal Retirement Thrift Investment Board erred when it chose not to charge TSP members two years ago for millions of dollars paid to American Management Systems Inc. for a failed systems modernization project, according to the General Accounting Office.
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Glitches in the TSP’s new record keeping system have had unpleasant consequences for some feds.
Concerned that millions of taxpayer and federal employee dollars were wasted, Sen. Susan Collins, R-Maine, Wednesday launched an inquiry into a failed contract to modernize the Thrift Savings Plan’s computer system.
The government’s telework initiative at federal agencies has suffered because of a lack of uniform guidance from the two departments charged with leading the effort, according to the General Accounting Office.
While not all of the wrinkles have been ironed out of the new Thrift Savings Plan’s automated record keeping system launched in June, board officials confirmed Monday morning that significant progress had been made over the past several weeks in getting the system running.
OPM continues to crack down on fake college degrees in the federal workforce.