Pay & Benefits
Senator Calls for New Opt-In Period for Military's Blended Retirement System, More Financial Literacy
A new bill from Sen. Patty Murray, D-Wash., would require service members to "affirmatively" choose between enrolling in the blended retirement system or a traditional military pension.
Pay & Benefits
TSP Outlines Impact of New Lifecycle Fund Implementation
Next week, officials at the federal government's 401(k)-style retirement savings program will begin offering lifecycle funds in five-year increments, moving the options in line with private sector counterparts.
Pay & Benefits
TSP Announces CARES Act Loans Now Available
Federal workers and retirees who have been impacted by the coronavirus pandemic may now take advantage of favorable loan terms on their retirement accounts.
Pay & Benefits
TSP Board Chairman to Resign Following White House Intervention in Retirement Program
Michael Kennedy has served on the board for a decade, overseeing several major initiatives including implementing an employer match for military service members through the blended retirement system and making it easier for participants to access their money.
Pay & Benefits
Washington-Area Feds Face Another Obstacle to Returning to the Office: Metro Upgrades
A weekly roundup of pay and benefits news.
Pay & Benefits
TSP Portfolios Continue Gains, But Fail to Make Up Earlier Losses
Although all of the funds in the federal government’s 401(k)-style retirement savings program posted modest increases in May, it was not enough to make up for the economic crash at the start of the coronavirus pandemic.
Pay & Benefits
Lawmaker: White House ‘Overstepped its Authority’ in Demanding TSP Abandon I Fund Changes
Chairman of House Oversight and Reform subcommittee says instructing the Thrift Savings Plan not to shift international investments to a broader index effectively “politicized” the independent agency.
Pay & Benefits
TSP Announces Upcoming COVID-19 Loans, Withdrawals
New loan and withdrawal options enacted through the CARES Act will become available in June and July, respectively, while officials have noted other options for participants to access their money are already in place.
Pay & Benefits
TSP Highlights COVID-19 Withdrawal Options, and More
A weekly roundup of pay and benefits news.
Pay & Benefits
TSP Board Delays International Fund Change Amid White House Pressure
Although board members stated the pause was because of the turmoil caused by the worldwide coronavirus pandemic, they pleaded with their newly nominated replacements not to allow politics to enter the decision-making process.
Pay & Benefits
How to Keep Your TSP Account Secure in the Era of COVID-19
Scammers and fraudsters are taking advantage of the novel coronavirus pandemic to target online financial accounts.
Pay & Benefits
White House Orders TSP Board to Halt International Fund Index Change
After months of lobbying, President Trump has intervened in the independent agency’s decision to shift foreign investments to a more expansive index of international firms.
Pay & Benefits
Trump Moves to Replace TSP Board Members, Prompting Concerns of Politicization
The nomination of three new board members follows months of lobbying by Republican lawmakers and advocacy groups to stop the Thrift Savings Plan from changing its international fund to include investments in Chinese companies.
Pay & Benefits
TSP Portfolios Bounce Back after March Losses
All funds in the federal government’s 401(k)-style retirement savings program posted gains last month, as the stock market began to rebound from a historic fall.
Pay & Benefits
Feds Sticking With Retirement Investments, More Calls for Hazard Pay
A weekly roundup of pay and benefits news.
Pay & Benefits
TSP Targeted Again Over Expansion of International Fund Investments, and More
A weekly roundup of pay and benefits news.
Pay & Benefits
HR Agency Implements Portions of COVID-19 Economic Stimulus Package That Help Feds
A weekly roundup of pay and benefits news.
Pay & Benefits
TSP Portfolios Plummet, and a Delay to the Annual Federal Morale Survey
A weekly roundup of pay and benefits news.
Pay & Benefits
TSP Officials Report Continuous Service Despite Coronavirus, Market Volatility
Officials at the federal government’s 401(k)-style retirement savings program said although the agency saw a record number of inter-fund transfers, most participants are sticking with their investment plan.
Pay & Benefits