In a hearing on Nov. 3 of the House Oversight and Government Reform subcommittee

on the federal workforce, Postal Service and the District of Columbia,

legislators examined proposed enhancements to the Thrift Savings Plan

(TSP).

Adding a Mutual Fund Option to the

TSP

GovExec.com reports "lawmakers and union

representatives...questioned the proposed mutual fund window for the Thrift

Savings Plan, claiming it could subject participants to unnecessary

risk." target=_blank>Click here to read the full story.

Allowing Federal Employees to Deposit Unused

Vacation and Sick Leave to the TSP

FederalTimes.com reports "legislators are considering allowing

federal employees to deposit the cash value of their unused sick leave and

vacation time into their Thrift Savings Plan accounts."  href="http://www.federaltimes.com/index.php?S=4358151" target=_blank>Click here

to read the full story.

The National Treasury Employees Union (NTEU) supports the idea of allowing

federal employees with unused annual leave when they separate from federal

service to deposit that money in their federal Thrift Savings Plan (TSP)

accounts.

"Many of our members carry over the maximum amount of annual

leave (240 hours) on a yearly basis, so this could significantly boost their TSP

accounts," NTEU President Colleen M. Kelley told attendees at the

hearing.