Workforce

GovExec Daily: The TSP Service Transition is Not Going Well

Erich Wagner joins the podcast to discuss his reporting on the Thrift Savings Plan’s new web-based services following the transition to a new recordkeeper.

Pay & Benefits

TSP Officials Promise Service Will Improve After a Difficult Transition to the New Recordkeeping System

Staffing at the call center that serves participants of the federal government’s 401(k)-style retirement savings program has already increased 66%, with more on the way.

Pay & Benefits

Feds Can’t Sue Over TSP Gains Lost During Shutdowns, An Appeals Court Finds

A group of FBI employees had argued they were entitled to damages, because delayed TSP contributions meant they missed out on gains from a rising stock market.

Pay & Benefits

TSP Woes Continue Two Weeks After Tech Transition

Participants reported delayed account disbursements a full two weeks after the transition to a new recordkeeper was complete.

Pay & Benefits

The TSP Board's Nominees Have Now Been Confirmed, With One Exception

Biden's pick to chair the federal government’s 401(k)-style retirement savings program’s board must go through a more arduous process.

Workforce

GovExec Daily: What the TSP Changes Mean For Feds

Erich Wagner joins the podcast to discuss the ways the retirement savings plan is shifting, on the board and with its service provider.

Pay & Benefits

TSP Participants Bemoan Bumpy Recordkeeper Transition

Federal employees and retirees have reported problems with setting up new accounts for online access to the federal government’s 401(k)-style retirement savings program, and the agency’s call center has been deluged.

Pay & Benefits

Most of Biden's TSP Nominees Are Free to Be Confirmed, Now That GOP Senators Have Lifted a Hold

The lawmakers changed course after the nominees committed to being “highly skeptical” of proposals to include Chinese investments in the Thrift Savings Plan’s offerings.

Pay & Benefits

GOP Senators Issue a Last-Minute Demand that the TSP Delay Mutual Fund Window

With just a week before the federal government’s 401(k)-style retirement savings program begins offering mutual funds to its participants, some lawmakers warned it could lead to federal employees investing in China.

Management

Republican Senators Are Holding Up TSP Board Nominees Over Abandoned I Fund Changes

Three Republican senators have demanded that Thrift Savings Plan board nominees never shift the I Fund’s investments to track a more comprehensive market index that includes Chinese investments.

Management

Some Labor Authority and TSP Nominations Are Delayed After a Deadlocked Committee Vote

Although most of the nominees sailed through by voice vote, three of Biden’s key picks to govern federal labor relations and the federal government’s 401(k)-style retirement savings program were deadlocked in party-line votes.

Management

OPM's IG and TSP's Board Nominees Pledge to be Impartial in Roles

President Biden’s pick to chair the Federal Retirement Thrift Investment Board became the latest in a string of nominees to apologize to senators for past tweets about Republican lawmakers.

Pay & Benefits

Nearly All TSP Funds Have Fallen for a Second Straight Month

Only two of the portfolios in the federal government’s 401(k)-style retirement savings program ended February in the black.

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